Copper ended higher on a lower dollar, stronger company earnings, and optimism about Chinese demand and lowered market concerns as the Euro zone stabilizes. Copper has surged recently, supported by earnings and signs that Europe is successfully managing its fiscal woes. Meanwhile, copper inventories stored in LME-monitored warehouses edged higher, increasing by 100 metric tons, to 411,525. Comex inventory data showed no change from Tuesday to Wednesday, leaving stocks at 100,958 short tons. Copper has touched a low of Rs 333.65 a kg after opening at Rs 334.8, and last traded at Rs337.4.For today market is looking for the support at 334.6, a break below could see a test of 331.8 and where as resistance is now likely to be seen at 339.3, a move above could see prices testing 341.2.

Trading Ideas:

Copper trading range is 331.8-341.2.

Copper ended higher on a lower dollar and optimism about Chinese demand

Copper looks to take support at 334.60 and resistance at 339.30.

Copper daily stock at Shanghai exchange came down by -499 tonnes.