Copper yesterday traded with the negative node and settled -0.68% down at 438.15 falling from almost three-week highs after new orders for U. S. manufactured goods fell unexpectedly last month, hinting at slowing activity in the world's largest economy. The euro extended gains against the dollar, which helped limit further losses in base metals prices. A weaker dollar makes metals priced in the U. S. currency more affordable for holders of other currencies. European premiums for physical copper edged ahead this week, clawing back from two-year lows as traders said demand was perking up and that gains looked set to increase in the traditionally stronger second quarter. For today's session market is looking to take support at 435.6, a break below could see a test of 433.1 and where as resistance is now likely to be seen at 441.2, a move above could see prices testing 444.3.

Trading Ideas:

Copper trading range is 433.1-444.3.

Copper prices ended lower after new orders for U.S. manufactured goods fell unexpectedly last month

Copper is taking resistance at 441.20 and support is seen at 435.60.

Copper daily stocks at Shanghai exchange came down by 1426 tonnes.