Copper ended positive but pared some of its gains as concerns an 85 billion euro ($112.6 billion) bailout for Ireland could herald more debt problems in Europe drove investors towards the safety of the U.S. dollar. Collahuasi said it was loading a new shipment bound to Asia and its output remained normal under a contingency plan despite the strike.  Despite the labor strike at Chilean copper mine Dona Ines de Collahuasi dragging on into its 25th day, the mining company will be shipping out 44,000 metric tons of copper bound for China and South Korea. Copper has touched a low of Rs 380.8 a kg after opening at Rs 381.9, and last traded at Rs383.6.For today market is looking for the support at 380.7, a break below could see a test of 377.8 and where as resistance is now likely to be seen at 386.6, a move above could see prices testing 389.5.

Trading Ideas:

Copper trading range is 377.8-389.5.

Copper ended positive but pared some of its gains as euro zone debt fears persist

Copper is taking resistance at 386.60 and support is seen at 380.70.

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