Copper ended positive on strength in equities markets, but investor interest was subdued as wider markets gave the metal little direction. Demand continued to be driven in large part by China, the world's largest consumer of raw materials. Meanwhile, copper inventories stored in LME-monitored warehouses continued to decline. LME stocks fell by 3,575 metric tons Monday, to 422,850, and are down 6% in July. Copper has touched a low of Rs 306.7 a kg after opening at Rs 306.7, and last traded at Rs308.45.For today market is looking for the support at 307, a break below could see a test of 305.5 and where as resistance is now likely to be seen at 309.7, a move above could see prices testing 310.9.

Trading Ideas:

Copper trading range is 305.5-310.9.

Copper ended positive on strength in equities markets

Copper looks to take support at 307 and resistance at 309.70.

Kazakhstan’s copper output rose 7.6% to 172,343 tons.