Copper led a rally across the broader base metals complex on Tuesday, hitting its highest level in more than two weeks, as the dollar stumbled and markets recovered from last week's sell-off. Copper yesterday traded with the positive node and settled 2.93% up at 327.3.

Some pressure had been seen from the LME stock also which came up by 1350mt, the total stock at LME is now at 549125mt. In yesterday's trading session copper has touched the low of 318.05 after opening at 318.55, and finally settled at 327.3. For today's session market is looking to take support at 321, a break below could see a test of 314.7 and where as resistance is now likely to be seen at 330.7, a move above could see prices testing 334.1.

Trading Ideas:

Copper trading range is 314.7-334.1.

Copper rally and hitting its highest level in 2 weeks, as the dollar stumbled and markets recovered from sell-off.

Regional mfg data from the US brightened the economic outlook and bolstered the bullish momentum in the metals

Copper getting resistance at 330 and important support level will be at 324.60 level.

BUY COPPER @ 324-325 SL 322.50 TGT 326.80-327.60-329. MCX

YESTERDAY LME STOCK FOR COPPER CAME Up BY 1350