Copper is expected to open higher building on stellar gains in 2009, as the market is boosted by a brighter demand outlook and strong investment demand. LME copper stocks continued to climb, up 6,375 tonnes to 502,325 tonnes on Thursday. Copper has touched a low of Rs 343.4 a kg after opening at Rs 343.4, and last traded at Rs344.3.For today market is looking for the support at 343.50, a break below could see a test of 342.80 and where as resistance is now likely to be seen at 344.80, a move above could see prices testing 345.40.

Trading Ideas:

Copper trading range is 335-353.

Copper to open up on demand confidence

Copper abv 340 look firm and strong till the resistance 348-350 level.

Copper weekly stock at Shanghai exchange came up by 557 tonnes.

BUY COPPER FEB @ 342-343 SL 340 TGT 344.20-345.60-346.90-347.50. MCX