Japan's refined zinc exports for May fell 39 percent from a year earlier to 8,717 tonnes, with Taiwan accounting for the largest share of export volume, Ministry of Finance data showed. Zinc yesterday we have seen that market has moved -1.16%. Market has opened at 82.7 & made a low of 81.55 versus the day high of 82.85. The total volume for the day was at 22174 lots and the open interest was at 7755.Now support for the zinc is seen at 81.5 and below could see a test of 80.9. Resistance is now likely to be seen at 82.8, a move above could see prices testing 83.5.

Trading Ideas:

Zinc trading range is 80.9-83.5.

Japan May zinc exports fall 39 pct year/year

Resistance for zinc is seen at 81.50 and support is at 82.80.

Zinc daily stock at Shanghai exchange came down by -1453 tonnes.

BUY ZINC JULY ABV 82.50 SL 81.60 TGT 83.20-84.40-85.MCX