Copper ended higher high as support from a falling dollar added to demand optimism following news of another fund that will buy physical copper, growing Chinese imports of copper concentrate and warehouse inventories that continue falling. Increase in China's output of the metal and a 17 percent fall in stockpiles held at the Shanghai Futures Exchange point to demand rising 3.3 percent overall during September.  LME copper stocks fell 450 tonnes to 368,375 tonnes on Monday. Copper has touched a low of Rs 376.5 a kg after opening at Rs 376.5, and last traded at Rs380.05.For today market is looking for the support at 377.1, a break below could see a test of 374.2 and where as resistance is now likely to be seen at 382.4, a move above could see prices testing 384.8.

Trading Ideas:

Copper trading range is 374.2-384.8.

Copper prices ended positive buoyed by a drop in the dollar

Copper is taking resistance at 382.40 and support is seen at 378.20.

Copper daily stocks at Shanghai exchange came up by 224 tonnes.