Copper yesterday traded with the negative node and settled -0.13% down at 444.85 slipped as tensions in Arab states deterred investors from riskier assets and on concern China's recent monetary tightening may dent demand from the world's top consumer of metals. Investors were also wary about whether or not a trend of monetary tightening in China could dent demand for industrial metals. China raised bank reserve requirements by 50 basis points on Friday as it tackles high inflation. Supporting sentiment, however, data showed German business morale rose to a record high in February, its ninth consecutive increase. The data indicated the strong recovery in Europe's powerhouse economy remains intact. In yesterday's trading session copper has touched the low of 442.35 after opening at 444.8, and finally settled at 444.85. For today's session market is looking to take support at 441.6, a break below could see a test of 438.3 and where as resistance is now likely to be seen at 448.9, a move above could see prices testing 453. Trading Ideas:

Copper trading range is 438.3-453.

Copper slipped as tensions in Arab states deterred investors from riskier assets

Copper looks to take support at 442.60 and resistance at 447.20 level.

Copper daily stocks at Shanghai exchange came down by 1234 tonnes.

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 3550