Copper closed at their lowest since mid-November as initial gains from stronger-than-expected economic data were rolled back in the face of a rallying dollar and persistent worries about tighter monetary policy in China. Copper down nearly 9 percent on the week as fears festered over the impact of China's recent lending clampdown on metal demand. Shanghai copper stockpiles rose 4 percent to 101,210 tonnes from 97,308 tonnes a week earlier. Rising supply base bolsters weak demand outlook after another 875 tonnes entered LME warehouses on Friday.For today market is looking for the support at 310.7, a break below could see a test of 309.95 and where as resistance is now likely to be seen at 312.6, a move above could see prices testing 313.75.

Trading Ideas:

Copper trading range is 305-318.

Copper closed lower as gains from stronger-than-expected data were rolled back

Copper down nearly 9% as fears festered over the impact of China's lending clampdown.

Resistance for the copper is at 312.80 level and support is at 309.90 level.

SELL COPPER FEB BELOW 310 SL 312.80 TGT 308.80-307.60-306.40.MCX