Copper posted a modest gain as equities rose and the dollar eased slightly. Some buying also was encouraged when the metal held a key technical area during a pullback late last week. LME copper warehouse stocks rose 175 metric tons to 533,575.. Copper has touched a low of Rs 339.7 a kg after opening at Rs 340.95, and last traded at Rs345.2.For today market is looking for the support at 341.1, a break below could see a test of 337 and where as resistance is now likely to be seen at 347.9, a move above could see prices testing 350.6.

Trading Ideas:

Copper trading range is 338-352.

Copper posted a modest gain Monday as equities rose and dollar eased slightly

Resistance for the copper is at 346.60 level and support is at 343.90 level.

Copper daily stock at Shanghai exchange came down by -150 tonnes.

BUY COPPER FEB @ 341.50 SL 340 TGT 343.80-345-346.50.MCX