Copper ended higher as concerns about European debt problems eased a bit and signs of an improving economy bolstered investor demand for industrial metals. Latest data shows another fall in LME copper stocks to 461,525 tonnes, a drop of more than 20 percent since the middle of February and the lowest since December last year. The value of Chile's copper exports in May rose to $2.76 billion from $2.11 billion in the same month the previous year, the central bank reported. Copper has touched a low of Rs 305 a kg after opening at Rs 307.5, and last traded at Rs308.65.For today market is looking for the support at 305.8, a break below could see a test of 303 and where as resistance is now likely to be seen at 310.6, a move above could see prices testing 312.6.

Trading Ideas:

Copper trading range is 303-312.6.
Copper ended higher as concerns about European debt problems eased a bit
Copper looks to take support at 306.80 and resistance at 310.20
Copper's fundamentals remain strong because of Chinese demand
BUY COPPER JUNE ABV 309.20 SL 307 TGT 310.80-312-313.40.MCX