Copper yesterday traded with the positive node and settled 0.03% up at 434 bouncing up from a two-week low as a pullback in crude oil prices eased concerns about inflation and allowed traders to focus on longer-term demand prospects. LME copper for three-month delivery hit a session trough of $9,346.25 a tonne, its lowest since Feb. 24, before recovering to end up $31 at $9,530. Since hitting record highs in mid-February at 460 prices have been in a downward trajectory, losing nearly 9 percent of their value, as the crisis in Libya threatened the global recovery by boosting oil prices to their highest in more than 2 years. For today's session market is looking to take support at 428.3, a break below could see a test of 422.6 and where as resistance is now likely to be seen at 437.2, a move above could see prices testing 440.4.

Trading Ideas:

Copper trading range is 422.6-440.4.

Copper ended higher as a pullback in crude oil prices eased concerns about inflation

Copper looks to get support at 432.20 and resistance at 436.40 level.

Copper daily stocks at Shanghai exchange came up by 1548 tonnes.