Zinc yesterday traded with the negative node and settled -0.79% down at 107.3 earler we have seen the US durable goods orders fell 0.9% in February, the largest decline in the past four months, while the previous estimate of a 1.1% increase. But the US jobless claims for the week ending March 19th fell to 382,000, compared to a forecast of 383,000, boosting LME zinc prices to rise further. Finally, LME zinc prices closed at USD 2,390/mt, up USD 40/mt, or up 1.7%.In yesterday's trading session zinc has touched the low of 106.45 after opening at 107.8, and finally settled at 107.3. For today's session market is looking to take support at 106.3, a break below could see a test of 105.2 and where as resistance is now likely to be seen at 108.5, a move above could see prices testing 109.7.

Trading Ideas:

Zinc trading range is 105.2-109.7.

Zinc yesterday traded with the negative node and settled -0.79% down

Zinc looks to take support at 106.30 and resistance at 108.50.

Zinc daily stocks at Shanghai exchange came up by 2105 tonnes