Copper yesterday traded with the positive node and settled 1.84% up at 334.85. Copper climbed to its highest level in three weeks on Thursday, after strong regional manufacturing data in the United States pointed to brighter economic prospects and offset labor market concerns and higher producer inflation. In yesterday's trading session copper has touched the low of 324.15 after opening at 328.25, and finally settled at 334.85. For today's session market is looking to take support at 326.9, a break below could see a test of 319 and where as resistance is now likely to be seen at 340, a move above could see prices testing 345.2.

Trading Ideas:

Copper trading range is 328.1-336.9.

Copper climbed to its highest level in three weeks on Thursday, after strong regional manufacturing data

Chinese markets are closed this week for Lunar New Year holidays, but demand for copper will robust.

Copper getting resistance at 338.80 and important support level will be at 330.60 level.

SELL COPPER @ 332-333 SL 336.40 TGT 327.60-325.20-323.40. MCX

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 5175