Zinc yesterday traded with the positive node and settled 0.3% up at 98.95. Some support had been seen from the LME stock also which came down by -925mt, the total stock at LME is now at 615825mt. In yesterday's trading session zinc has touched the low of 98.7 after opening at 99.25, and finally settled at 98.95. For today's session market is looking to take support at 98.3, a break below could see a test of 97.7 and where as resistance is now likely to be seen at 100, a move above could see prices testing 101. Spread between zinc OCT & NOV contacts yesterday ended at 1.05. Spread yesterday traded in the range of 1 - 1.05.

Trading Ideas:

Zinc trading range is 97.7-101.

Zinc yesterday traded with the positive node and settled 0.3% up at 98.95

Zinc looks to take support at 98.3 and resistance at 100.

Spread between zinc OCT & NOV contracts yesterday ended at 1.05.