Copper rose on Monday as improving western world demand outweighed concerns over how sovereign debt in countries such as Greece might impact the pace of economic recovery. There are still macro-economic concerns but they seem to have taken a back seat. There are signs of improving demand outside China that's leading to buying interest. Yesterday market traded with the positive node and settled 0.88% up at 317.7; copper touched the low of 313.5 after opening at 315, and finally settled at 317.7. For today's session market is looking to take support at 314.7, a break below could see a test of 311.8 and where as resistance is now likely to be seen at 319.4, a move above could see prices testing 321.2.

Trading Ideas:

Copper trading range is 311.8-321.2.

Copper improves as world demand outweighed concerns over how sovereign debt in countries.

Copper stocks rise to highest level since October 2003, volumes thin as Chinese New Year hits trading.

Copper getting resistance at 319.60 and important support level will be at 314.60 level.

WAIT FOR CALL IMPORTANT RANGE IS 316-320.

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 1350