Copper fell as global growth worries persisted and the U.S. dollar strengthened.  The higher dollar and little optimism after the weekend meeting of leaders from the Group of 20 major economies created what some saw to be a good opportunity to book some profits from recent gains.  In another indication of demand, inventories of copper stored in LME warehouses fell 1,075 metric tons, leaving them at 453,175. Copper has touched a low of Rs 311.5 a kg after opening at Rs 313.4, and last traded at Rs313.85.For today market is looking for the support at 311.4, a break below could see a test of 308.9 and where as resistance is now likely to be seen at 316.5, a move above could see prices testing 319.2.

Trading Ideas:

Copper trading range is 308.9-319.2.

Copper fell on profit booking after  U.S. dollar strengthened

Copper looks to take support at 311.80 and resistance at 315.40.

Copper daily stock at Shanghai exchange came down by -2248 tonnes.

SELL COPPER JUNE BELOW 313 SL 315.80 TGT 311.80-310.20-308.50.MCX