Zinc prices rose as speculators built up fresh positions, driven by rising demand in the physical markets. The rise in zinc prices to better trend in the spot market on the back of pick up in demand. Zinc yesterday we have seen that market has moved 1.41%. Market has opened at 95.3 & made a low of 95 versus the day high of 98.05. The total volume for the day was at 38768 lots and the open interest was at 6831.Now support for the zinc is seen at 95.3 and below could see a test of 93.6. Resistance is now likely to be seen at 98.3, a move above could see prices testing 99.7.

Trading Ideas:

Zinc trading range is 93.6-99.7.

Zinc prices rose as speculators built up fresh positions

Resistance for zinc is seen at 98.30 and support is at 95.30.

Zinc daily stock at Shanghai exchange came down by -500 tonnes.