Copper fell sharply as weak economic data cast doubt on global demand for the industrial metal. A slowing in China's economy would mean potentially lower copper demand in the world's largest consuming nation for the metal.  The data continued a trend of mostly softer reports from the U.S. and China this week.LME copper warehouse stocks fell 1675 metric tons to 449,425. Copper has touched a low of Rs 298.6 a kg after opening at Rs 305, and last traded at Rs301.2.For today market is looking for the support at 298.2, a break below could see a test of 295.2 and where as resistance is now likely to be seen at 304.6, a move above could see prices testing 308.

Trading Ideas:

Copper trading range is 295.2-308.

Copper yesterday ended down on poor economic data

Copper looks to take support at 299.60 and resistance at 302.80.

Copper daily stock at Shanghai exchange came down by -149 tonnes.

BUY COPPER AUG @ 301-302 SL 300 TGT 304.50-306.20-307.MCX