Copper closed down yesterday for the first time in five sessions as a firmer dollar and a quieter tone across the broader metals complex enabled prices to consolidate from a strong two-week rally.LME warehouse stocks of copper rose 250 metric tons Monday to 555,025. The most recent Comex warehouse inventory, released late Friday, showed a fall of 137 short tons to 104,327. Copper has touched a low of Rs 334.1 a kg after opening at Rs 340, and last traded at Rs335.7.For today market is looking for the support at 332.9, a break below could see a test of 330.1 and where as resistance is now likely to be seen at 339.7, a move above could see prices testing 343.7.339.7, a move above could see prices testing 343.7.

Trading Ideas:

Copper trading range is 330.1-343.7.

Copper closed lower as traders book profits as the euro weakened.

Copper is having support at 334.40 and resistance for copper is at 336.90.

Copper daily stock at Shanghai exchange came down by -725 tonnes.

SELL COPPER FEB @ 337-338 SL 340.50 TGT 334.80-331.50-329.MCX