Copper prices rose when economic sentiment improved following remarks from the chairman of the Federal Reserve and unconfirmed reports that China would announce strong export data later in the week. Russia exported in January-April 166,900 metric tons of copper up from the same months of 2009, when 140,300 tons was exported, the federal customs service reported. Copper has touched a low of Rs 287.95 a kg after opening at Rs 287.95, and last traded at Rs296.05.For today market is looking for the support at 289.4, a break below could see a test of 282.8 and where as resistance is now likely to be seen at 301.2, a move above could see prices testing 306.3.

Trading Ideas:

Copper trading range is 282.8-306.3.

Copper settled higher on remarks from FED chairman and unconfirmed Chinese export report

Copper looks to take support at 293.80 and resistance at 298.20

Copper daily stock at Shanghai exchange came down by -1569 tonnes.

SELL COPPER JUNE @ 297-298 SL 300.20 TGT 295.50-293.40-290.20.MCX