U.S. zinc exports rose 111.0% in January from the previous month, and was up 74.7% from the previous year, the Commerce Department reported. Zinc yesterday we have seen that market has moved -0.61%. Market has opened at 106.1 & made a low of 104.35 versus the day high of 106.1. The total volume for the day was at 36722 lots and the open interest was at 4770.Now support for the zinc is seen at 104.7 and below could see a test of 103.7. Resistance is now likely to be seen at 106.5, a move above could see prices testing 107.2.

Trading Ideas:

Zinc trading range is 103.7-107.2.

U.S. zinc exports rose 111.0% in January from the previous month

Support for the zinc is at 104.70 and resistance is at 106.90.

Zinc daily stock at Shanghai exchange yesterday came up by 300 tonnes.

SELL ZINC MAR  @ 106 SL 107.20 TGT 105.30-104.40-103.20.MCX