Copper edged up as the dollar weakened and investors digested mixed data from the world's biggest economy, while concerns about Chinese demand kept sentiment in check. Copper was dented earlier by monetary tightening measures from China, but turned slightly positive as the dollar weakened after a slew of data, making metals cheaper for non-U.S. investors. Copper stockpiles monitored by the Shanghai Futures Exchange climbed for a third week to the highest level in seven months. Inventories added 481 metric tons to 132,647 tons, based on a survey of warehouses in Shanghai. For today market is looking for the support at 445.7, a break below could see a test of 444.7 and where as resistance is now likely to be seen at 447.2, a move above could see prices testing 447.8.

Trading Ideas:

Copper trading range is 444.7-447.8.

Copper edged up on weekend as the dollar weakened

Copper looks to have a support at 443.40 and resistance is at 448.80 level

Copper weekly stocks at Shanghai exchange came up by 481 tonnes