Copper rose Saturday as manufacturing in China and the U.S. accelerated in March, improving the demand prospects for industrial metals. Inventories of copper stored in LME warehouses rose 1,125 metric tons, taking them at 512,575.Stockpiles of the metal decreased 1,876 metric tons to 153,589 tons, based on a survey of six warehouses in Shanghai, the exchange said. They expanded to the highest level since at least 2003 two weeks ago. Copper has touched a low of Rs 352 a kg after opening at Rs 353.9, and last traded at Rs355.7.For today market is looking for the support at 352.1, a break below could see a test of 348.6 and where as resistance is now likely to be seen at 359.1, a move above could see prices testing 362.6.

Trading Ideas:

Copper trading range is 348.6-362.6.

Copper rose as manufacturing in China and the U.S. accelerated in March improving demand

Copper is getting resistance at 357.10 and support is at 354.30 level.

Copper daily weekly at Shanghai exchange came down by -1876 tonnes.

BUY COPPER APR @ 352-353 SL 350 TGT 354.50-356.20-357.50.MCX