Copper settled flat as investors weighed small gains in U.S. equity markets and slightly improved regional manufacturing data with a decline in the euro, but many players remained sidelined waiting for upcoming economic news for direction. News that China's imports of refined copper rose 6 percent in July from a month earlier offered some support. Inventories of copper stored in LME warehouses rose 475 metric tons, leaving them at 402,200. Copper has touched a low of Rs 336.7 a kg after opening at Rs 339, and last traded at Rs339.For today market is looking for the support at 337.2, a break below could see a test of 335.4 and where as resistance is now likely to be seen at 340.3, a move above could see prices testing 341.6.

Trading Ideas:

Copper trading range is 335.4-341.6.

Copper settled flat as traders remained sidelined waiting for upcoming economic news for direction

Copper looks to take support at 337.20 and resistance at 340.30.

Copper daily stock at Shanghai exchange came down by -1353 tonnes.