Japan's refined zinc exports for August plunged 51 percent from a year earlier to 6,330 tonnes, marking the eighth straight month of declines, Ministry of Finance data showed. Zinc yesterday we have seen that market has moved -2.44%. Market has opened at 102.5 & made a low of 99.6 versus the day high of 103.2. The total volume for the day was at 32034 lots and the open interest was at 6703.Now support for the zinc is seen at 98.5 and below could see a test of 97.3. Resistance is now likely to be seen at 102.1, a move above could see prices testing 104.5.

Trading Ideas:

Zinc trading range is 97.3-104.5.

Japan Aug zinc exports plunge 51 pct from year ago

Zinc looks to take support at 98.5 and resistance at 102.1.

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