Zinc settled down -0.25% at 142.15 as the dollar strengthened after data showing signs of the improving U.S. economy. There was no important economic data released overnight, and investors also lacked buying interest. China's investors remained cautious now that prices lack support from demand. September Gfk consumer confidence index for Germany posted the first fall since November 2013, indicating deteriorating economy in the euro zone. Italy’s August Istat consumer confidence index also dropped. The poor data raised expectation for further stimulus by the European Central Bank, boosting European stocks. However, ECB officials said more easing policies are not expected at the August meeting unless inflation falls sharply. European Central Bank Chief Mario Draghi stated last Friday in Jackson Hole that the ECB is set to unveil more economic stimulus measures, raising expectations for quantitative easing (QE) in the euro zone.  The Richmond Fed Manufacturing Index climbed in August to 12, its highest since March 2011, while US durable goods orders for July grew 22.6% MoM, well above the estimated 8% increase, boosted by a sharp rise in transportation orders. LME zinc prices opened at USD 2,353/mt overnight, and fluctuated between USD 2,340-2,360/mt, and closed at USD 2,359.25/mt, up 4/mt or 0.17%. Trading volumes decreased by 707 to 6,376 lots, and total positions increased by 970 to 307,940 lots.  Technically market is under long liquidation as market has witnessed drop in open interest by -14.38% to settled at 3597 while prices down -0.35 rupee, now Zinc is getting support at 141.7 and below same could see a test of 141.1 level, And resistance is now likely to be seen at 142.6, a move above could see prices testing 142.9.

Trading Ideas:

Zinc trading range for the day is 141.1-142.9.

Zinc prices ended with losses as the dollar strengthened after data showing signs of the improving U.S. economy

There was no important economic data released overnight, and investors also lacked buying interest

Zinc daily stocks at Shanghai exchange came down by 1327 tonnes.