Commodity Outlook for Zincr by KediaCommodity

ZincJapan's refined zinc exports for October fell 18 percent from a year earlier to 8,520 tonnes for a tenth straight month of declines, but the drop was smaller than September's 39 percent slide, Ministry of Finance data showed. Zinc yesterday we have seen that market has moved 1.43%. Market has opened at 98.3 & made a low of 97.7 versus the day high of 99.45. The total volume for the day was at 26274 lots and the open interest was at 9511. Now support for the zinc is seen at 98.1 and below could see a test of 97. Resistance is now likely to be seen at 99.8, a move above could see prices testing 100.5.

Trading Ideas:

Zinc trading range is 97-100.5.

Japan Oct zinc exports fall 18 pct from year ago

Zinc looks to take support at 98.10 and resistance at 99.80.

Zinc daily stocks at Shanghai exchange came up by 775 tonnes.