Copper on Tuesday traded with the negative node and settled -2.4% down at 429.3. But yesterday copper added to its session gains in late trade on Wednesday, buoyed after the U.S. Federal Reserve statement left interest rates unchanged and said it would keep its $600 billion bond-buying plan intact. The economic recovery is continuing, though at a rate that has been insufficient to bring about a significant improvement in labor market conditions, the Fed said in a statement.  Economic growth in China accelerated in the fourth quarter and its inflation slowed less than expected, fueling concerns that harsher policy tightening is needed.  China accounts for nearly 40 percent of global copper consumption estimated at around 21 million tonnes this year. For today's session market is looking to take support at 424.7, a break below could see a test of 420.2 and where as resistance is now likely to be seen at 436.4, a move above could see prices testing 443.6.

Trading Ideas:

Copper trading range is 420.2-443.6.

Copper on Tuesday ended weak but yesterday gained buoyed after U.S. Federal Reserve statement

Copper looks to take support at 426.80 and resistance at 432.20

Copper daily stocks at Shanghai exchange came down by 1102 tonnes

BUY COPPER FEB ABV 430 SL 428.50 TGT 432-433.80-435.60.MCX

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 5625