Japan's zinc production in October rose 19% from a month earlier to 51,687 metric tons, according to preliminary data released Monday by the Ministry of Economy, Trade and Industry. Zinc yesterday we have seen that market has moved 2.43%. Market has opened at 109.2 & made a low of 108.75 versus the day high of 111.75.

The total volume for the day was at 16966 lots and the open interest was at 3915. Now support for the zinc is seen at 109.50 and below could see a test of 107.60. Resistance is now likely to be seen at 112.50, a move above could see prices testing 113.60.

Trading Ideas:

ZINC TRADING RANGE IS 107-115.

JAPAN'S OCTOBER ZINC PRODUCTION UP 19% ON MONTH - METI

BUY ZINC DEC @ 111-111.50 SL 110 TGT 112.20-113-113.80.MCX

ZINC INVENTORIES FELL 1% ON MONTH BUT WERE UP 37% ON YEAR AT 22,130 TONS IN OCTOBER

ZINC DAILY STOCK AT SHANGHAI EXCHANGE CAME UNCHANGED