Copper ended higher on stronger-than-expected U.S. housing data and a brightening corporate outlook, boosting expectations of demand for the metal in an already tightening market. Inventories of copper stored in LME warehouses fell 3,375 metric tons, leaving them at 416,275. That's down from more than 500,000 tons at the beginning of the year. Copper has touched a low of Rs 328.05 a kg after opening at Rs 330.6, and last traded at Rs333.9.For today market is looking for the support at 329.7, a break below could see a test of 325.5 and where as resistance is now likely to be seen at 336.5, a move above could see prices testing 339.

Trading Ideas:

Copper trading range is 325.5-339.

Copper ended higher on stronger-than-expected U.S. housing data

Copper looks to take support at 331.60 and resistance at 336.50.

Copper daily stock at Shanghai exchange came down by -2180 tonnes.