Copper fell as weak economic reports from the U.S. and China added to worries about the sluggish recovery and reduced the appeal of growth-sensitive commodities. The rising dollar pressured copper; leading investors to abandon holdings across many commodities LME copper warehouse stocks fell by 2,100 tonnes to 408,375 tonnes, having fallen from 6-1/2 year highs at 555,075 tonnes in mid-February. COMEX copper inventories dropped 551 short tons to 99,052 short tons as of Monday. Copper has touched a low of Rs 335.75 a kg after opening at Rs 341.8, and last traded at Rs339.35.For today market is looking for the support at 336.1, a break below could see a test of 332.9 and where as resistance is now likely to be seen at 342.2, a move above could see prices testing 345.

Trading Ideas:

Copper trading range is 332.9-345.

Copper fell as weak economic reports from the U.S. and China weighed on prices

Copper looks to take support at 336.10 and resistance at 342.20.

Copper daily stock at Shanghai exchange came down by -50 tonnes.