Copper closed up driven by improving economic sentiment and expectations that demand from China, the world's biggest consumer, remained robust in June. Market momentum additionally fueled by expectations of rising copper imports into China.Deliverable copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 6 percent to 117,459 tonnes from 124,558 tonnes a week earlier. Copper stocks on warrant down 1,226 tonnes to 26,245 tonnes. For today market is looking for the support at 315.4, a break below could see a test of 314.8 and where as resistance is now likely to be seen at 316.4, a move above could see prices testing 316.8.

Trading Ideas:

Copper trading range is 313.9-315.9.

Copper closed up driven by improving economic sentiment

Copper looks to take support at 314.80 and resistance at 317.80.

Copper weekly stock at Shanghai exchange came down by -7099 tonnes.

BUY COPPER AUG @ 313 SL 311.40 TGT 315.10-316.40-317.50.MCX