Copper settled higher on support from an earthquake that hit Chile, the world's biggest producing nation, but the metal eased back as the country's mines restarted and concerns about European sovereign finances boosted the U.S. dollar. LME copper warehouse stocks rose 1,525 tonnes to 551,250 tonnes. COMEX copper stocks lost 336 short tons to 103,260 short tons as of Friday. Copper has touched a low of Rs 334.5 a kg after opening at Rs 334.5, and last traded at Rs339.2.For today market is looking for the support at 334.2, a break below could see a test of 329.3 and where as resistance is now likely to be seen at 344.4, a move above could see prices testing 344.4, a move above could see prices testing 349.7.

Trading Ideas:

Copper trading range is 329.3-349.7.

Copper settled higher on support from an earthquake that hit Chile

Copper is getting resistance at 340.80 and support is at 337.90 level.

Copper daily stock at Shanghai exchange came up by 824 tonnes.

BUY COPPER APR @ 336-337 SL 334.40 TGT 338.40-339.80-341.50.MCX