Copper ended higher as company earnings fostered a more-positive outlook for the economy and demand for the industrial metal. Investors are feeling more comfortable taking on more risk, leading to increased interest in some industrial commodities. In another indicator of demand, inventories of copper stored in LME warehouses fell 1,975 metric tons, leaving them at 417,625.

The most recent Comex inventory data, released late Tuesday afternoon, were down 25 short tons at 101,185 short tons. Copper has touched a low of Rs 314.15 a kg after opening at Rs 314.15, and last traded at Rs322.55.For today market is looking for the support at 316.6, a break below could see a test of 310.7 and where as resistance is now likely to be seen at 326.1, a move above could see prices testing 329.6.

Trading Ideas:

Copper trading range is 310.7-329.6.

Copper ended higher as company earnings fostered more-positive outlook for economy

Copper looks to take support at 320.20 and resistance at 325.20.

Copper market was in a 73,000-ton surplus in January-May - WBMS

SELL COPPER BELOW 321.50 SL 323.50 TGT 320.20-319-317.60.MCX