Zinc yesterday we have seen that market has moved flat in the range. Market has opened at 104.4 & made a low of 102.15 versus the day high of 104.4.
The total volume for the day was at 18170 lots and the open interest was at 3773.Now support for the zinc is seen at 102.2 and below could see a test of 101.05.
Resistance is now likely to be seen at 104.45, a move above could see prices testing 105.55.
Trading Ideas:
ZINC TRADING RANGE IS 99-107.
HUDBAY MINERALS TO RESTART CHISEL NORTH MINE
BUY ZINC NOV AT 103-103.50 SL 102.20 TGT 104.20-104.90-105.30.
ZINC IS GETTING SUPPORT AT 101.80 AND RESISTANCE AT 105.30 LEVELS.
ZINC BELOW 101 LEVEL IS EXPECTED TILL 99-98 LEVEL.
Courtesy: Kedia Commodities Explore Commodity Online Mobile Services
