MCX Zinc Updates and Trading Levels for For Today

Zinc prices are falling continuously on Indian commodity market MCX. Today also MCX Zinc has to face a negative day and its prices on MCX have been declined to 100 level and dropped by more than 1%. The strengthening concern over Euro zone debt crisis, improving business sentiment of Japan and such other factors extended the losses in Zinc commodity.

If Zinc breaks the support level of 99.50, it may face some more downside in Today's session. Technical resistance for upside is seen near 101.50. A break in either side can decide the trend of zinc.