Zinc yesterday traded with the positive node and settled 1.76% up at 110.95. A Beaver County zinc plant that was the site of a fatal explosion in July resumed refinery operations a few weeks ago, after investing $15 million to repair the plant and improve safety. Some pressure had been seen from the LME stock also which came up by 9200mt, the total stock at LME is now at 710150mt. In yesterday's trading session zinc has touched the low of 109.2 after opening at 109.4, and finally settled at 110.95. For today's session market is looking to take support at 109.6, a break below could see a test of 108.2 and where as resistance is now likely to be seen at 112, a move above could see prices testing 113.1.

Trading Ideas:

Zinc trading range is 108.2-113.1.

Zinc yesterday traded with the positive node and settled 1.76% up at 110.95

Zinc looks to take resistance at 112 and support is at 109.60 level.

Zinc daily stocks at Shanghai exchange came up by 1557 tonnes

BUY ZINC JAN @ 109.50 SL 108.50 TGT 110.20-111-112.MCX

YESTERDAY LME STOCK FOR ZINC CAME DOWN  BY -125