U.S. domestic production of recoverable zinc was 49, 700 metric tons in November, down 24% from 65,200 tons the previous month, according to the U.S. Geological Survey.  Average U.S. daily zinc mine production in November was 1,660 tons, 21% lower than in October and 6% lower than in November 2008. Zinc yesterday we have seen that market has moved -0.76%. Market has opened at 105.5 & made a low of 104.55 versus the day high of 105.75. The total volume for the day was at 19338 lots and the open interest was at 3699.Now support for the zinc is seen at 104.4 and below could see a test of 103.9. Resistance is now likely to be seen at 105.6, a move above could see prices testing 106.3.

Trading Ideas:

Zinc trading range is 103.9-106.3.

U.S. domestic production of recoverable zinc was 49, 700 metric tons

Support for the zinc is at 103.80 and resistance is at 105.95.

Zinc daily stock at Shanghai exchange yesterday came down by -49 tonnes.

SELL ZINC MAR @ 105.50 SL106.90 TGT 104.70-104.10-103.20.MCX