Russia's zinc output increased in the January-September period by 25% compared with January-September 2009, the state statistics committee reported. Zinc yesterday we have seen that market has moved -1.92%. Market has opened at 106.9 & made a low of 104.8 versus the day high of 108.2. The total volume for the day was at 43375 lots and the open interest was at 4378. Now support for the zinc is seen at 103.7 and below could see a test of 102.6. Resistance is now likely to be seen at 107.1, a move above could see prices testing 109.4.

Trading Ideas:

Zinc trading range is 102.6-109.4.

Russia's zinc output increased in the January-September period by 25%

Zinc looks to take support at 103.7 and resistance at 106.1.

Zinc daily stocks at Shanghai exchange came up by 525 tonnes.