Copper pared its gains and ended flat despite stronger-than-forecast U.S. economic numbers as worries about slowing global growth weighed on prices. Overshadowing the U.S. data were worries about slowing growth in China. In another indicator of demand, inventories of copper stored in LME warehouses fell 1,150 metric tons, leaving them at 475,575. Copper has touched a low of Rs 315 a kg after opening at Rs 318.55, and last traded at Rs319.6.For today market is looking for the support at 316.2, a break below could see a test of 312.9 and where as resistance is now likely to be seen at 321.7, a move above could see prices testing 323.9.

Trading Ideas:

Copper trading range is 316.2-324.

Copper ended flat on growth concerns despite stronger U.S data

Overshadowing the U.S. data were worries about slowing growth in China.

Copper daily stock at Shanghai exchange came down by -500 tonnes.

SELL COPPER JUNE BELOW 318 SL 320.20 TGT 316.80-315.20-314.MCX