Copper ended lower weighed down by a stronger dollar and fears that liquidity tightening measures in China could slow demand from the world's top consumer. Inventories of copper stored in LME warehouses have fallen throughout the week, declining another 1,400 metric tons, leaving them at 524,175. The most recent Comex inventory data, released late Wednesday afternoon, were down 40 short tons at 101,835 short tons. Copper has touched a low of Rs 339.1 a kg after opening at Rs 342.25, and last traded at Rs340.95.For today market is looking for the support at 339.3, a break below could see a test of 337.6 and where as resistance is now likely to be seen at 342.4, a move above could see prices testing 343.9.342.4, a move above could see prices testing 343.9.

Trading Ideas:

Copper trading range is 337.6-343.9.

Copper ended lower weighed down by a stronger dollar and fears of tightening measures in China

Copper is getting resistance at 342.40 and support is at 339.60 level.

Copper daily stock at Shanghai exchange yesterday came down by -1399 tonnes.

SELL COPPER @ 343.50 SL 345.20 TGT 340.80-339.60-338.20.MCX3