Copper declined on concerns about a slowdown in demand as China takes steps to cool its economy and Europe’s debt crisis persists. Uncertainties about China’s demand this year are taking some of the optimism about a shortage this year out of the market. Copper has touched a low of Rs 441.6 a kg after opening at Rs 445.85, and last traded at Rs443.For today market is looking for the support at 441.1, a break below could see a test of 439.2 and where as resistance is now likely to be seen at 445.4, a move above could see prices testing 447.7.

Copper trading range is 439.2-447.7.

Copper declined on concerns about a slowdown in demand

Copper looks to have a support at 441.80 and resistance is at 445.80 level

Copper daily stocks at Shanghai exchange came up by 1223 tonnes

COPPER LOOS TO TRADE IN THE RANGE 440-448. WAIT FOR ENTRY.