Copper yesterday ended up after touching highs and low's market opened and jumped to the day's high at 309.15 level and selling flooded the market as the session started and it quickly tumbled to an intraday low of 301.95 but was later carried higher on the back of stronger oil prices and tracking consolidated moves in the broader markets as investors await details for a potential bailout for debt-laden Greece. The dollar drives the direction in the metals market from last 2-3 trading session. For today's session market is looking to take support at 303, a break below could see a test of 298.9 and where as resistance is now likely to be seen at 310.2, a move above could see prices testing 313.3.

Trading Ideas:

Copper trading range is 305.9-315.3.

Copper bounced on $ weakness, but expected lower demand in China could still drag prices down.

The dollar drives the direction in the metals market from last 2-3 trading session.

Copper getting resistance at 309.60 and important support level will be at 296 level.

BUY COPPER FEB @ 307-308 SL 305.80 TGT 309.60-310.40-311.70. MCX

YESTERDAY LME STOCK FOR COPPER CAME Down BY -50