U.S. domestic production of recoverable zinc was 61,000 metric tons in July, up 6.3% from 57,400 tons the previous month, according to the U.S. Geological Survey. Zinc yesterday we have seen that market has moved -1.01%. Market has opened at 99.3 & made a low of 98.35 versus the day high of 99.55. The total volume for the day was at 18657 lots and the open interest was at 8443.Now support for the zinc is seen at 98.2 and below could see a test of 97.7. Resistance is now likely to be seen at 99.4, a move above could see prices testing 100.1.

Trading Ideas:

Zinc trading range is 97.7-100.1.

U.S. domestic production of recoverable zinc was 61,000 metric tons in July – USGS

Zinc looks to take support at 98.2 and resistance at 99.4.

Zinc weekly stocks at Shanghai exchange came up by 15257 tonnes.