The global zinc market was in surplus by 211,000 tonnes in the first ten months of the year, the latest monthly bulletin from Lisbon-based International Lead and Zinc Study Group (ILZSG) showed. Zinc yesterday we have seen that market has moved -1.22%. Market has opened at 102.5 & made a low of 100.8 versus the day high of 103.1. The total volume for the day was at 30822 lots and the open interest was at 12068. Now support for the zinc is seen at
100.4 and below could see a test of 99.5. Resistance is now likely to be seen at 102.7, a move above could see prices testing 104.1.

Trading Ideas:

Zinc trading range is 99.5-104.1.

Zinc market has 211,000 ton surplus Jan-Oct'10-ILZSG

Zinc looks to take support at 100.40 and resistance at 102.70.

Zinc daily stocks at Shanghai exchange came up by 324 tonnes.