The global zinc market was in a 293,000-metric-ton surplus January to March this year, larger than the surplus in the same period for 2009, the World Bureau of Metal Statistics said. Zinc yesterday we have seen that market has moved -0.23%. Market has opened at 86.5 & made a low of 83.45 versus the day high of 86.8. The total volume for the day was at 42694 lots and the open interest was at 6407.Now support for the zinc is seen at 84.3 and below could see a test of 82.2. Resistance is now likely to be seen at 87.6, a move above could see prices testing 88.9. 
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Copper pared its gains on worry that the debt troubles in the euro zone will hamper economic recovery and crimp demand for the industrial metal. Inventories of copper stored in LME warehouses fell 925 metric tons, leaving them at 482,225. The most recent Comex inventory data, released late Tuesday afternoon, were unchanged at 101,242 short tons. Copper has touched a low of Rs 300.2 a kg after opening at Rs 305.2, and last traded at Rs305.9.For today market is looking for the support at 301.5, a break below could see a test of 297.1 and where as resistance is now likely to be seen at 309, a move above could see prices testing 312.2.
Crude ended lower amid fears that the European Union's economic problems would slow the global recovery and cut into oil demand. The oil market has looked to China and the U.S. to provide growth this year, but global demand would be unlikely to escape the downward pull of a European slowdown. Oil inventories rose 200,000 barrels in the week ended May 14. Now support for the crude is seen at 3324 and below could see a test of 3271. Resistance is now likely to be seen at 3416, a move above could see prices testing 3455.
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