U. S. domestic production of recoverable zinc was 56, 500 metric tons in February, down 4.9% from 59,400 tons the previous month, according to the U. S. Geological Survey Friday. Average U. S. daily zinc mine production in February was 2,020 tons, 5% higher than in January and 5% higher than in February 2009.

Zinc yesterday we have seen that market has moved -0.61%. Market has opened at 89.55 & made a low of 88.9 versus the day high of 89.55. The total volume for the day was at 697 lots and the open interest was at 5152. Now support for the zinc is seen at 88.8 and below could see a test of 88.5. Resistance is now likely to be seen at 89.5, a move above could see prices testing 89.8.

Trading Ideas:

Zinc trading range is 88.5-89.8.

U. S domestic production of recoverable zinc was 56, 500 metric tons in February

Resistance for zinc is seen at 90.15 and support is at 88.05.

Zinc weekly stock at Shanghai exchange came up by 6796 tonnes.

BUY ZINC JUNE @ 89 SL 88 TGT 90.50-91.40.MCX