Copper ended positive tracking firm overseas markets, where hopes of improved demand outlook after strong U.S. jobs data supported the red metal. LME stocks fell 800 tonnes on Monday to 396,875, their lowest since November last year. Meanwhile, the amount of material set to leave LME warehouses stands at around 7 percent of total stock levels. Copper has touched a low of Rs 358.35 a kg after opening at Rs 359.8, and last traded at Rs360.45.For today market is looking for the support at 358.8, a break below could see a test of 357.1 and where as resistance is now likely to be seen at 361.7, a move above could see prices testing 362.9.

Trading Ideas:

Copper trading range is 357.1-362.9.

Copper ended positive tracking firm overseas markets

Copper looks to take support at 358.80 and resistance at 361.70.

Copper daily stock at Shanghai exchange remained unchanged.