Copper pulled back as participants sold some positions to avoid taking delivery of the metal. The selling came amid amid wider market nervousness about the ongoing euro zone debt crisis. Inventories of copper stored in LME warehouses fell 1,475 metric tons, leaving them at 502,550. The most recent Comex inventory data, released late Wednesday afternoon, were unchanged at 101,128 short tons. Copper has touched a low of Rs 325.45 a kg after opening at Rs 331.9, and last traded at Rs327.75.For today market is looking for the support at 324.4, a break below could see a test of 321.1 and where as resistance is now likely to be seen at 332.1, a move above could see prices testing 336.5.

Trading Ideas:

Copper trading range is 321.1-336.5.

Copper ended down as traders booked profit as expiry is there today

Copper is getting resistance at 329.20 and support is at 326.40 level.

Copper daily stock at Shanghai exchange came up by 551 tonnes.

BUY COPPER JUN @ 330.30 SL 328.20 TGT 331.30-332.80.MCX