Copper rose higher yesterday as a euro rebound against the dollar lifted most commodities while concerns lingered about power supplies to Chile's copper mines after Saturday's earthquake.LME copper warehouse stocks rose 1,075 tonnes to 552,325 tonnes. Copper has touched a low of Rs 335.1 a kg after opening at Rs 338.15, and last traded at Rs344.75.For today market is looking for the support at 338.2, a break below could see a test of 331.6 and where as resistance is now likely to be seen at 348.3, a move above could see prices testing 351.9.348.3, a move above could see prices testing 351.9.

Trading Ideas:

Copper trading range is 331.6-351.9.

Copper rose higher yesterday due to rebound in euro and lingering Chile’s worries

Copper is getting resistance at 346.20 and support is at 342.80 level.

Copper daily stock at Shanghai exchange came up by 2230 tonnes.

SELL COPPER APR BELOW 344 SL 346.20 TGT 342.80-341.40-340.MCX