Copper ended positive as upbeat economic news, recent price declines and easing geopolitical tensions lured buyers back to the market. The world's No. 3 copper mine, Collahuasi, gave workers more time to accept a contract offer that is designed to lure the majority of picketers back to work and break a 20-day-long strike. Inventories at LME approved warehouses, also considered an indicator of global demand, fell 982 metric tons to 357,125 metric tons Wednesday. The most recently available data for Comex copper stocks, released Tuesday afternoon, saw inventories fall 225 tons to 72,846 tons. Copper has touched a low of Rs 374.4 a kg after opening at Rs 375.5, and last traded at Rs378.55.For today market is looking for the support at 375.2, a break below could see a test of 371.9 and where as resistance is now likely to be seen at 381.1, a move above could see prices testing 383.6.

Trading Ideas:

Copper trading range is 371.9-383.6.

Copper ended positive as upbeat economic news and easing geopolitical tensions supported market

Copper is taking resistance at 381.10 and support is seen at 375.20.

Copper daily stocks at Shanghai exchange came down by 623 tonnes.