Copper finished with a small gain, recovering from early-day weakness as the dollar gave up its initial strength and equities turned higher when risk appetite improved. Copper stored in warehouses affiliated with the LME warehouses fell 900 metric tons to 522,075. The most recent Comex data, as of Friday afternoon, were steady at 101,723 short tons. Copper has touched a low of Rs 333.8 a kg after opening at Rs 339.2, and last traded at Rs340.2.For today market is looking for the support at 335.7, a break below could see a test of 331.3 and where as resistance is now likely to be seen at 342.7, a move above could see prices testing 345.3.

Trading Ideas:

Copper trading range is 331.3-345.3.

Copper finished with a small gain as the dollar gave up its initial strength

Copper is getting resistance at 341.40 and support is at 338.80 level.

Copper daily stock at Shanghai exchange came down by -2122 tonnes.

COPPER WILL TRADE IN THE RANGE 338-342 LEVEL. BELOW 340 LOOK WEAK