Copper prices after dropped to the lowest level in 14 weeks on mounting signs the global economic recovery is fading on fears euro zone efforts to tackle a debt crisis might fall short, choking off global economic recovery. France and Germany, co-founders of the euro, pledged on Thursday to work together to solve a European debt crisis and support the currency, patching up a public rift that had rattled markets around the world. Copper has touched a low of Rs 303.6 a kg after opening at Rs 307, and last traded at Rs310.15.For today market is looking for the support at 303.5, a break below could see a test of 296.9 and where as resistance is now likely to be seen at 316.8, a move above could see prices testing 323.5.

Trading Ideas:

Trading Ideas:

Copper trading range is 296.9-323.5.

Copper pared all of its losses and ended higher tracking firmness in LME market

Copper is getting resistance at 311.80 and support is at 308.60 level.

Copper daily stock at Shanghai exchange came down by -4796 tonnes.

BUY COPPER JUNE @ 308-309 SL 306.80 TGT 310.50-312.20-314.MCX