Copper yesterday traded with the positive node and settled 2.2% up at 438.95, bucking general commodity weakness and another large build in London inventories and instead reflecting its role as a main beneficiary of global demand growth. LME copper for three-month delivery rallied $191 to finish at $9,441 a tonne, just $340 away from its Jan. 19 record at $9,781. The economically sensitive industrial metal pushed higher on the supportive tone from the US Fed Reserve on Wednesday, which indicated no intention to back away from its loose monetary policy.  In yesterday's trading session copper has touched the low of 428.8 after opening at 428.8, and finally settled at 438.95. For today's session market is looking to take support at 431.9, a break below could see a test of 424.9 and where as resistance is now likely to be seen at 442.9, a move above could see prices testing 446.8.

Trading Ideas:

Copper trading range is 424.9-446.8.

Copper climbed bucking general commodity weakness and another large build in LME inventories

Copper looks to take support at 436.80 and resistance at 441.60.

Copper daily stocks at Shanghai exchange came down by 150 tonnes

SELL COPPER FEB @438-438 SL 441.20 TGT 436.50-435-432.80.MCX