Copper eased slightly as stocks edged lower but the dollar rose, with some selling to book profits. The Chinese were thought to have built up their supplies after the price collapse in copper and most other commodities in 2008 when a global credit crisis sent many Western nations into recession. Copper has touched a low of Rs 351.65 a kg after opening at Rs 355.25, and last traded at Rs353.7.For today market is looking for the support at 351.5, a break below could see a test of 349.3 and where as resistance is now likely to be seen at 356.1, a move above could see prices testing 358.4.

Trading Ideas:

Copper trading range is 349.3-358.4.

Copper eased slightly on continued profit booking

Copper is getting resistance at 355.90 and support is at 353.20 level.

Copper daily stock at Shanghai exchange came up by 499 tonnes.

BUY COPPER APR @ 351-352 SL 349.80 TGT 353.50-354.80-356.MCX