Copper prices rose as concerns about Chinese demand abated, and tin prices hit a record high with supply constraints supporting the outlook for both metals. A weaker U.S. dollar also helped metals, by making dollar priced commodities cheaper for other currency holders. Copper has touched a low of Rs 437.3 a kg after opening at Rs 438.3, and last traded at Rs439.6.For today market is looking for the support at 437.4, a break below could see a test of 435.1 and where as resistance is now likely to be seen at 441.8, a move above could see prices testing 443.9.

Trading Ideas:

Copper trading range is 435.1-443.9.

Copper prices rose as concerns about Chinese demand abated

Copper looks to take support at 437.60 and resistance at 441.80

Copper daily stocks at Shanghai exchange came down by 2004 tonnes