Copper rose on short-covering and mild buying support lent by news of aftershocks in Chile, following last month's earthquake in the top copper-producing nation. LME warehouse stocks declined 2,525 tonnes to 535,650 tonnes. COMEX copper stocks were down 16 short tons at 102,176 short tons as of Wednesday. Two strong aftershocks within minutes of each other hit the Chilean capital Santiago on Thursday, but the mining and refinery sectors escaped damage. For today market is looking for the support at 336.1, a break below could see a test of 332.5 and where as resistance is now likely to be seen at 342.6, a move above could see prices testing 345.5.342.6, a move above could see prices testing 345.5.

Copper trading range is 332.5-345.5.

Copper rose on short-covering and mild buying support lent by news of aftershocks in Chile

Copper is getting resistance at 341.20 and support is at 338.20 level.

Copper daily stock at Shanghai exchange yesterday came up by 1646 tonnes.

SELL COPPER APR BELOW 339 SL 341.20 TGT 337.80-336.60-335.20.MCX