Copper surged to a new record high as investors brushed aside escalating tensions in Egypt, and instead, focused on robust demand prospects in the United States and China -- the world's top two consumers. Copper's rally tracked a more bullish tone in global equities at the start of the week, as sentiment stood firm in the face of Egypt's crisis and investment demand for commodities as an asset class continued to strengthen. Copper has touched a low of Rs 442.3 a kg after opening at Rs 442.3, and last traded at Rs451.9. For today market is looking for the support at 445.3, a break below could see a test of 438.7 and where as resistance is now likely to be seen at 455.5, a move above could see prices testing 459.

Trading Ideas:

Copper trading range is 438.7-459.

Copper surged to new record high as investors brushed aside escalating tensions in Egypt

Copper looks to take support at 449.20 and resistance at 453.80

Copper daily stocks at Shanghai exchange came up by 1813 tonnes

BUY COPPER FEB @ 451 SL 449 TGT 452.80-455.MCX

YESTERDAY LME STOCK FOR COPPER CAME Down BY -4050