Copper settled at their highest levels since early May, rising on stability in equities and a demand picture that continues to point to tightening supplies in the second half of the year. Meanwhile, copper output in Chile dropped 0.6% in June from year-earlier levels, the Andean nation's government statistics agency said. The International Copper Study Group in July reported that the global refined copper market ran a deficit of 67,000 metric tons in the first four months of 2010. For today market is looking for the support at 332.2, a break below could see a test of 329 and where as resistance is now likely to be seen at 337.7, a move above could see prices testing 339.9.

Trading Ideas:

Copper trading range is 329-339.9.

Copper hits 12 week high on demand outlook

Copper looks to take support at 332.20 and resistance at 337.70.

Copper daily stock at Shanghai exchange came down by -402 tonnes.