Copper yesterday traded with the positive node and settled 0.53% up at 441.9 as data was supportive where we have seen manufacturing sector was continuing to improve. Copper futures prices on the COMEX closed Monday at USD 445.75 cents/lbs, up 0.2%, hitting a new record high where us on LME prices reached a new record high of USD 9,687/mt confirming its recent strong movements. In yesterday's trading session copper has touched the low of 439.8 after opening at 439.8, and finally settled at 441.9. For today's session market is looking to take support at 439.2, a break below could see a test of 436.5 and where as resistance is now likely to be seen at 445.2, a move above could see prices testing 448.4.

Trading Ideas:

Copper trading range is 436.5-448.4.

Copper yesterday ended firm getting support from data.

Copper is taking resistance at 443.80 and support is seen at 438.60.

LME 3-month copper climbs to a record $9,620/t as supply concerns intensify

SELL COPPER FEB BELOW 440 SL 442.2 TGT 438.20-436.40-435.MCX

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 5050