Copper rose slightly as the announcement of planned metals plant closings in China led to speculation that global supplies would tighten, but the gains were limited by investors' reluctance to place large bets on the metal ahead of Tuesday's Federal Reserve meeting. Declining inventories also supported copper prices.  Copper stored in LME-monitored warehouses Monday dropped 2,150 metric tons, to 410,475. Copper has touched a low of Rs 341.15 a kg after opening at Rs 342.85, and last traded at Rs342.3.For today market is looking for the support at 340.7, a break below could see a test of 339 and where as resistance is now likely to be seen at 344.5, a move above could see prices testing 346.6.

Trading Ideas:

Copper trading range is 339-346.6.

Copper settled in positive on China plant closings

Copper looks to take support at 340.70 and resistance at 344.50.

Copper daily stock at Shanghai exchange came up by 75 tonnes.