Copper erased their gains to end slightly lower as lackluster U.S. jobless data and weaker equities outweighed support from a lower dollar that had sent the industrial metal to highs. Copper losses expected to be met with buyers. Copper to remain well-supported as long as dollar continues lower. LME warehouse stocks up 225 tonnes to 371,500 tonnes on Thursday.  COMEX copper warehouse stocks drawn dropped 810 short tons to 80,394 tons as of Wednesday. Copper has touched a low of Rs 372.1 a kg after opening at Rs 375.05, and last traded at Rs373.1.For today market is looking for the support at 371, a break below could see a test of 369 and where as resistance is now likely to be seen at 376.2, a move above could see prices testing 379.4.

Trading Ideas:

Copper trading range is 369-379.4.

Copper erased their gains to end slightly lower as lackluster U.S. jobless data weighed

Copper is taking resistance at 376.2 and support is seen at 371.

Copper daily stocks at Shanghai exchange came up by 5949 tonnes.