Copper ended lower due to worries about global growth and tensions surrounding a squabble between North and South Korea. Inventories of copper stored in LME-monitored warehouses fell 250 metric tons, leaving them at 479,325. The most recent Comex inventory data, released late Monday afternoon, were unchanged at 101,242 short tons.  Copper has touched a low of Rs 317.3 a kg after opening at Rs 324.05, and last traded at Rs320.95.For today market is looking for the support at 317.5, a break below could see a test of 314 and where as resistance is now likely to be seen at 324.2, a move above could see prices testing 327.5.

Trading Ideas:

Copper trading range is 314-327.5.

Copper ended lower yesterday as investors exit risks

Copper is getting resistance at 322.20 and support is at 319.60 level.

Copper daily stock at Shanghai exchange came down by -1649 tonnes.

SELL COPPER JUNE @ 324 SL 325.80 TGT 322.80-321.20-319.80.MCX