Copper ended down but recovered some of its early losses supported by speculative buying in commodities with a softer U.S. dollar and equity gains boosting investor sentiment. Demand is picking up from other Asian nations, partially offsetting the decline from China. LME metal stocks shed another 2,700 tonnes to 432,550 tonnes, down more than 100,000 tonnes since mid-February. COMEX copper inventories eased 25 short tons to 101,210 short tons as of Monday. Copper has touched a low of Rs 309.15 a kg after opening at Rs 312.3, and last traded at Rs311.75.For today market is looking for the support at 309.7, a break below could see a test of 307.6 and where as resistance is now likely to be seen at 313.3, a move above could see prices testing 314.9.

Trading Ideas:

Copper trading range is 307.6-314.9.

Copper ended down but prices were supported by speculative buying in commodities

Copper looks to take support at 309.70 and resistance at 313.30.

Copper daily stock at Shanghai exchange came down by -149 tonnes.