Copper ended down as economic recovery concerns highlighted by Greek fiscal troubles and disappointing economic data slammed sentiment. Copper imports by China, the world's largest consumer, fell for the first time in three months in January as domestic supplies improved and seasonal demand slowed. Inventories of copper stored in LME warehouses fell 2,450 metric tons to 550,225. The most recent Comex inventory data, released late day afternoon, were down 137 short tons at 103,873 short tons. Copper has touched a low of Rs 323 a kg after opening at Rs 329.6, and last traded at Rs326.15.For today market is looking for the support at 322.9, a break below could see a test of 319.6 and where as resistance is now likely to be seen at 329.6, a move above could see prices testing 333.1.329.6, a move above could see prices testing 333.1.

Copper trading range is 319.6-333.1.

Copper ended down due to economic recovery concerns highlighted by Greek fiscal troubles

China copper imports drop as bonded inventories fall

Copper daily stock at Shanghai exchange came up by 175 tonnes.

BUY COPPER FEB @ 325-326 SL 323.40 TGT 327.20-328.50-330.MCX