opper dropped on concern that demand may slow as China cools its economic growth and European nations slash budgets to curb deficits.LME copper warehouse stocks fell 1,075 metric tons to 484,075. Weekly inventory data from the Shanghai Futures Exchange show an 8,045-metric-ton decline to 173,095. Copper has touched a low of Rs 312.4 a kg after opening at Rs 314.4, and last traded at Rs312.8.For today market is looking for the support at 312, a break below could see a test of 311.2 and where as resistance is now likely to be seen at 314, a move above could see prices testing 315.2.

Trading Ideas:

Copper trading range is 311.2-315.2.

Copper dropped on concern that demand may slow as China cools its economic growth

Copper is getting resistance at 314.40 and support is at 311.20 level.

Copper weekly stock at Shanghai exchange came down by -8045 tonnes.

SELL COPPER JUNE BELOW 310.50 SL 312 TGT 308.70-306.50.MCX