Copper posted their lowest close since October as ongoing European debt issues and the memory of Friday's disappointing U.S. jobs report continued to hurt sentiment for future demand prospects. LME warehouse stocks of copper fell 2,250 metric tons to 470,750. The most recent Comex data, from Friday, showed a rise of 23 short tons to 102,110. Copper has touched a low of Rs 284.1 a kg after opening at Rs 291.65, and last traded at Rs288.2.For today market is looking for the support at 284.1, a break below could see a test of 279.9 and where as resistance is now likely to be seen at 292.4, a move above could see prices testing 296.5.

Trading Ideas:

Copper trading range is 279.9-296.5.

Copper posted their lowest close since October on ongoing European debt issues

Copper looks to take support at 285.80 and resistance at 290.40

Copper daily stock at Shanghai exchange came down by -1225 tonnes.

BUY COPPER @ 284-285 SL 281.80 TGT 290-293.50-295.80.MCX (BTST)