Copper rose as support from persistent supply concerns and a bout of upbeat U. S. data offset investor worries about the potential of sovereign debt problems spreading in the euro zone. Management at Chile's Collahuasi sought to lure more striking miners to return to their jobs on Thursday as the walkout at the world's No. 3 copper mine dragged into a third week. A steady trickle of workers have opted to go back to work, but time is running out for more to accept a sweetened offer that managers hope will lure most unionized workers off the picket line and end the protest. Copper has touched a low of Rs 374.5 a kg after opening at Rs 379.05, and last traded at Rs380. For today market is looking for the support at 376.3, a break below could see a test of 372.5 and where as resistance is now likely to be seen at 382, a move above could see prices testing 384.

Trading Ideas:

Copper trading range is 372.5-384.

Copper rose getting support from persistent supply concerns

Copper is taking resistance at 382 and support is seen at 376.30.

Copper daily stocks at Shanghai exchange came down by 300 tonnes.