Zinc yesterday traded with the positive node and settled 2.32% up at 101.45 tracking solid gains of LME market. Some pressure had been seen from the LME stock also which came up by 2450mt, the total stock at LME is now at 633875mt. In yesterday's trading session zinc has touched the low of 99.45 after opening at 99.45, and finally settled at 101.45. For today's session market is looking to take support at
99.8, a break below could see a test of 98.2 and where as resistance is now likely to be seen at 102.7, a move above could see prices testing 103.9. Spread between zinc DEC & JAN contracts yesterday ended at 1.15. Spread yesterday traded in the range of 1 - 1.15.

Trading Ideas:

Zinc trading range is 98.2-103.9.

Zinc ended higher tracking solid gains of LME market

Zinc looks to take support at 100.20 and resistance at 102.70.

Zinc daily stocks at Shanghai exchange came down by 1776 tonnes.