Copper settled -1.29% down at 433.2 despite of firmer euro after the European Central Bank said it was ready to buy bonds of troubled countries in the region, although volumes were low with top consumer China on a week long holiday. Focus is now shifting to a US jobs report later in the day that may show a recovery in the world's top economy is taking hold. The announcement of further easing steps by the ECB and the US Federal Reserve, but gains have been capped by worries about slowing growth in China. US job growth likely improved only slightly in September as businesses remained cautious out of fear a sharp tightening of the government's budget could deliver a big blow to the economic recovery early next year. European Central Bank President Mario Draghi said on Thursday that everything was in place for the bank to buy the bonds of troubled euro zone countries such as Spain and that conditions linked to it need not be punitive. In yesterday's trading session copper has touched the low of 432.6 after opening at 438.55, and finally settled at 433.2. For today's session market is looking to take support at 430.9, a break below could see a test of 428.6 and where as resistance is now likely to be seen at 437.2, a move above could see prices testing 441.2.

Trading Ideas:

Copper trading range for the day is 428.6-441.2.

Copper ended lower as gains were capped by uncertainty about global growth, while trading volumes were low

ECB kept interest rates unchanged, while Draghi said ECB was primed to buy troubled euro zone bonds when conditions were right

Sentiment surrounding U.S. labour market was boosted in previous session after data showed private sector hiring rose