Copper slid along with crude oil and other metals as equities were unable to sustain gains, giving some investors pause about holding a bullish position in the red metal. Inventories of copper stored in LME warehouses fell 700 metric tons, leaving them at 538,175. The most recent Comex inventory data, released late Tuesday afternoon, were unchanged at 102,192 short tons. Copper has touched a low of Rs 336.

1 a kg after opening at Rs 343, and last traded at Rs337.9.For today market is looking for the support at 334.4, a break below could see a test of 331 and where as resistance is now likely to be seen at 343, a move above could see prices testing 348.2.343, a move above could see prices testing 348.2

Trading Ideas:

Copper trading range is 331-348.2.

Copper as per expectation slid along with crude oil and other metals

Copper is getting resistance at 339.30 and support is at 336.20 level.

Copper daily stock at Shanghai exchange yesterday came up by 2275 tonnes.

BUY COPPER APR @ 336.50-337 SL 335.40 TGT 338-339.20-340.50.MCX