Copper climbed as concerns over Euro zone sovereign debt eased and U.S. economic data improved, underpinning demand expectations for industrial metals. The strike at Chilean copper mine Dona Ines de Collahuasi entered its 14th day as the company hopes workers will break away starting Friday following their sweetened final offer. Copper has also been hit hard by growing fears that China may take aggressive action to curb inflation, which is running at 25-month highs.  Copper has touched a low of Rs 376.2 a kg after opening at Rs 376.2, and last traded at Rs382.7.For today market is looking for the support at 377.9, a break below could see a test of 373.1 and where as resistance is now likely to be seen at 385.8, a move above could see prices testing 389.

Trading Ideas:

Copper trading range is 373.1-389.

Copper ended up on easing Irish debt fears and improved US data

Copper is taking resistance at 385.80 and support is seen at 377.90.

Copper daily stocks at Shanghai exchange came down by 4635 tonnes.