Zinc yesterday traded with the negative node and settled -0.25% down at 98.4. Some support had been seen from the LME stock also which came down by -675mt, the total stock at LME is now at 616525mt. In yesterday's trading session zinc has touched the low of 97.7 after opening at 98.25, and finally settled at 98.4. For today's session market is looking to take support at 97.7, a break below could see a test of 96.9 and where as resistance is now likely to be seen at 99.2, a move above could see prices testing 99.9.

Trading Ideas:

Zinc trading range is 96.9-99.9.

Zinc yesterday traded with the negative node and settled -0.25% down at 98.4

Zinc looks to take support at 97.7 and resistance at 99.2.

Zinc daily stocks at Shanghai exchange came up by a tonne.