Zinc traded with the range bound and settled at 100 recovered from the low of 99.50 after signs of revival in Asian economies bolstered prospects for demand. Greece's budget plan was passed in the country, an important step for the third round of bailout application. As a result, the US dollar index fell below the 80 level. Eurozone Oct CCI was initially 2.5%, down slightly from the previous data, while Sept unemployment rate reached 11.6%, also higher than expected. Traders were looking ahead to a series of important political and economic events set to unfold in early November. Today china will release a report on manufacturing data for October, followed by closely-watched US non-farm payrolls data on Friday. Political developments were likely to take center stage next week, with the US presidential election on Nov 6 and the start of the Chinese CP Congress on Nov 8, where a once-in-a-decade leadership change was to take place. Meanwhile, euro zone developments remained in focus. Investors continued to await any sign that Spain is preparing to request a bailout, which would activate a bond purchasing program by the ECB, aimed at lowering the borrowing costs of distressed euro zone states. For today's session market is looking to take support at 99.3, a break below could see a test of 98.7 and whereas resistance is now likely to be seen at
100.8, a move above could see prices testing 101.7.

Trading Ideas:

Zinc trading range for the day is 98.67-101.67.

Zinc settled flat after data showed eurozones September unemployment rate reached 11.6 higher than expected

Greece's budget plan was passed in the country, an important step for the third round of bailout application.

Yields in Spanish bond markets have soared above 7% this year on several occasions, level deemed unsustainable by markets