Copper bounced after the previous session's declines as participants repurchased sold positions while some viewed the pullback as a bargain-hunting opportunity. Inventories of copper stored in LME warehouses rose 4,600 metric tons, leaving them at 521,775. The most recent Comex inventory data, released late Tuesday afternoon, were up 75 short tons at 99,440 short tons. Copper has touched a low of Rs 334.4 a kg after opening at Rs 338.3, and last traded at Rs341.9.For today market is looking for the support at 336.25, a break below could see a test of 330.6 and where as resistance is now likely to be seen at 345.7, a move above could see prices testing 349.5.

Trading Ideas:

Copper trading range is 332-350.

Copper ended higher as participants repurchased sold positions

Zambia Says Copper Output to Rise More

Copper daily stock at Shanghai exchange came up by 1175 tonnes.

SELL COPPER FEB @ 343-344 SL 346.50 TGT 341.80-340.20-339.40.MCX