OCT 31 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56.20 , S2 RS 55

R1 RS 58.40 , R2 RS 60.80

STAY SHORT AT RESISTENCE.

Zinc stocks also came in higher at 182,100 tonnes,

sending prices to a low of $1,145 a tonne. It closed

at $1,160, down7.9 percent versus Wednesday's

$1,260.

Producers have started to cut back production across

metals asfalling prices put profit margins under pressure.

Analyst say charts show an eventual move to $ 1300 and in

fact came close to this level and since then backed off.

It has support at $ 1090 and resistence at $ 1300.

OCT 29 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 56.30 , S2 RS 54.80

R1 RS 60.40 , R2 RS 62

Zinc was up from the late pre dawn hours straight

through ending up 0.5067/lb up two and a half

percent.

A plunge in most commodities means 20 to 30 percent of

global production is no longer profitable and will lead

to output cuts.

While the market developed an air of cautious optimism

both traders and Analyst warned that any rally could be

short lived.

LME Inventory data for Oct 24 Friday

Zinc stocks are down 275 MT.

OCT 24 FRIDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 57 , S2 RS 55.20

R1 RS 60.60 , R2 RS 62.40

WAIT FOR CONFIRMATION.

Zinc was up $55 at $1,195 a ton after dropping as much

as 5.6 percent earlier to $1,076.

TECHNICALS FOR OCTOBER 23

MCX OCTOBER ZINC

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : 53.85, 52.20

RESISTANCES : 56.70, 58

STAY SHORT AT RESISTANCES

OCT 23 THURSDAY

Another day , another step towards recession with

slipping prices on the London Metal Exchange 's

base metal complex mirroring a further dip in sentiment

across markets.

Zinc was bid down $ 27 from Tuesdays close at $ 1140/MT.

Zinc has support at $ 1000 and Resistence at $ 1300.

Zinc is at $ 1155 and has taken out last weeks

low.At this stage a test of $ 1000 seems to be in the

cards.

TECHNICALS FOR OCTOBER 22

MCX ZINC OCTOBER

SHORT LONG TERM TREND; BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 56, S2 55

RESISTANCES : R1 58, R2 59.60

STAY SHORT AT RESISTANCES

TECHNICALS FOR OCTOBER 21

MCX OCTOBER ZINC

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 58.60 , S2 57

RESISTANCES : R1 60.60 , R2 63

GOSHORT AT RESISTANCES

OCT 21 TUESDAY

zinc closed at $1,205 from $1,225.

OCT 20 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 58 , S2 RS 56.80

R1 RS 60.40 , R2 RS 62

STAY SHORT AT RESISTENCE.

NYMEX TRADING LEVELS FOR OCT 17 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 56.30 , S2 RS 54.80

R1 RS 59.40 , R2 RS 60.70

SELL AT RESISTENCE .

LME Inventory data for Oct 17 Friday

Zinc stocks are down 200 MT.

OCT 17 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 57.30 , S2 RS 55.80

R1 RS 60.80 , R2 RS 62.30

SELL AT RESISTENCE LEVELS.

Zinc, which has dropped 50 percent this year, traded down

8 percent today at $1,210 a ton. About 75 percent of the world's

mines are operating at below total production costs with the

metal at $1,200 a ton.

Zinc has support at $ 1320 and Resistence at $ 2400.

It is at a fresh 2008 low.

LME Inventory data for Oct 16 Thursday

Zinc stocks are up 4525 tonnes.

OCT 16 THURSDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 63.10 , S2 RS 61.70

R1 RS 65.60 , R2 RS 67.30

SELL AT RESISTENCE LEVELS.

Zinc was down $90 at $1,320.

Zinc has support at $ 1320 and $ 1500 .

It has created another fresh 2008 low.

LME Inventory data for Oct 15 Wednesday

Zinc stocks are up 150 tonnes.

OCT 15 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 66.30 , S2 RS 64.80

R1 RS 68.60 , R2 RS 70.30

Zinc fell more than 5 percent to $1,405 a tonne from

$1,480, before ending at $1,410.

Rising costs and falling prices have forced a growing number

of zinc miners to announce cost-cutting measures, cutbacks

or even closures at high-cost operations.

LME Inventory data for Oct 14 Tuesday

Zinc stocks are down 300 tonnes.

OCT 14 TUESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 70 , S2 RS 68.50

R1 RS 73.20 , R2 RS 74.60

WAIT FOR CONFIRMATION.

Zinc was up $ 38 at $ 1478 / MT.

LME Inventory data for Oct 13 Monday

Zinc stocks are down 575 tonnes.

OCT 13 MONDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 68.20 , S2 RS 66.50

R1 RS 71.30 , R2 RS 73

SELL AT RESISTENCE LEVELS.

Zinc has managed to trade in the range of

$ 1430 and $ 1699 a tonne , resisting a major

fall. It was trading witha strong downside bias as

increasing stock piles and weak spot demand weighed

down on the metal.

The global Zinc market was in surplus of 77,000 tonnes

in the firat seven months of the year according

to the International Lead and Zinc Study Group.

OCT 10 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 68.60 , S2 RS 66

R1 RS 70.60 , R2 RS 72.30

SELL AT RESISENCE LEVELS.

Zinc rises more than 5 pct as metals rebound .

Zinc prices climbed more than 5 percent on Thursday,

industrial metals across the board bounced after sharp falls

in the previous session, traders said.

Zinc for three-months delivery on the London Metal Exchange

jumped to $1,520 per tonne and was at $1,508 per tonne by

1321 GMT versus Wednesday's close of $1,430 a tonne.

Zinc has dropped more than 7 percent since the start of the

week, as metals were sold due to worries about the

slowdown in the global economy.

LME INVENTORY FOR OCTOBER 8

INVENTORY DOWN 25 MT

OCT 8 WEDNESDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 74 , S2 RS 72.60

R1 RS 75.80 , R2 RS 77.30

Zinc edged down $ 4 to $ 1540.

The prices have virtually halved from a peak of

$ 2900 MT in March.Analyst feel the market could still

have a downside potential.

The potential downside could be up to $ 1330 mt and

potentially $ 1250 mt if cut backs did not emerge

quickly enough.

LME INVENTORY UPDATE FOR OCTOBER 7

INVENTORY DOWN 825 MT

TECHNICALS FOR OCTOBER 7

ZINC MCX OCTOER

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

SUPPORTS : S1 73.20, S2 71.60

RESISTANCES : R1 75.20 R2 76.70


SELL AT 75 .00 TO 75.20 , SL 76.70 , TGT 73.20.

Zinc is at $ 1550 down $ 45.It has not yet tested the

$ 1500 support but it could do it soon.

Zinc is below their cost of production and so

the decline from here could be gentler if supply

cut backs accelarate.

LME INVENTORY UPDATE FOR OCTOBER 6

INVENTORY DOWN 150 MT.

OCT 6 MONDAY

SHORT TERM TERM TREND : SIDEWAYS : TARGET RS 92 TO 89.20

LONG TERM TREND : BEARISH : TARGET RS 83

S1 RS 89.50 , S2 RS 88.60 , S3 RS 87

R1 RS 91 , R2 RS 93.60 , R3 RS 95

MARKET IS EXPECTED TO MOVE SIDEWAYS

Zinc has opened in the MCX LOWER BY .20 %.

It has opened at Rs 74.80.

OCT 4 SATURDAY

Zinc fell 11 percent this week and, tin dropped 6.7 percent .

Zinc has support at $ 1500 and Resistence at $ 1800.

Zinc is at $ 1580 and unchanged and prices on the verge

of taking out token support at $ 1600.Analyst say it

is hard to say where the next support is after $ 1500.

Zinc has given up most of its multi year price run

with prices close to or below the cost of production

we should start seeing more aggressive supply cut

backs kick in.

LME INVENTORY UPDATE FOR OCTOBER 3

INVENTORY UP 7025 MT

OCT 3 FRIDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 77.40 , S2 RS 75.80

R1 RS 79.60 , R2 RS 82.20

STAY SHORT AT RESISTENCE.

Zinc fell to a near three-year low.

Major commodity indexes suffered double-digit declines in

percentage termslast month, as the financial crisis

triggered falls across the commodity spectrum.

A firmer U.S. currency also weighed, making dollar-priced

commodities more expensive for holders of other currencies.

Zinc closed at a trough of $1,580 a tonne, the lowest level since

Nov. 2005 and down 5.3 percent against $1,668.

OCT 2 THURSDAY

Three month Zinc was bid at $ 1675 MT at 0900 GMT

down $ 8 from the previous close.

Workers at Xstrata's Kidd Operations in North Ontario

are set to strike after contract talk broke off on Monday.

Kidds Facilities produces 138000 tonnes of Zinc.

Zinc has support at $ 1700 and Resistence at $ 1900.

Analyst feel another close below $ 1700 today could

prove negative as it would suggest a retest of the recent

lows of $ 1600.

LME Inventory data for Oct 1 Wednesday

Zinc stocks are down 100 MT.

OCT 1 WEDNESDAY

SHORT TERM TREND : BEARISH

LONG TERM TREND : BEARISH

S1 RS 78.60 , S2 RS 77.30

R1 RS 80.60 , R2 RS 82.20

STAY SHORT AT RESISTENCE.

Zinc is at $ 1685 down $ 7 .Analyst feel another close below

$ 1700 today could prove negative as it would suggest

a retest of the recent lows of $ 1600.