Copper closed lower as a muscular U.S. dollar pressured commodities generally and took away some of the attention from potentially supportive influences for the red metal, such as ongoing Chinese demand and declining warehouse inventories.  The most recent Comex copper inventory data, as of Tuesday afternoon, showed a rise of 289 short tons to 102,012. Copper has touched a low of Rs 335.2 a kg after opening at Rs 339.2, and last traded at Rs336.75.For today market is looking for the support at 334.7, a break below could see a test of 332.6 and where as resistance is now likely to be seen at 339.3, a move above could see prices testing 341.9.

Trading Ideas:

Copper trading range is 332.6-341.9.

Copper closed lower as a muscular U.S. dollar pressured commodities

Copper is getting resistance at 338.20 and support is at 335.20 level.

Copper daily stock at Shanghai exchange came down by -800 tonnes.

SELL COPPER APR @ 337.50-338 SL 339.50 TGT 336.20-335.20-333.80.MCX