Copper bounced from early weakness to finish with a small decline following the patterns in equities and the euro. Inventories of copper stored in LME warehouses fell 2,375 metric tons, leaving them at 459,150. The most recent Comex inventory data, released late Tuesday afternoon, were unchanged at 101,925 short tons. Copper has touched a low of Rs 304.3 a kg after opening at Rs 309, and last traded at Rs307.95.For today market is looking for the support at 304.1, a break below could see a test of 300.3 and where as resistance is now likely to be seen at 311.9, a move above could see prices testing 315.9.

Trading Ideas:

Copper trading range is 300.3-315.9.

Copper finished with a small decline following the patterns in equities and the euro

Copper looks to take support at 306.20 and resistance at 309.60

Chile May copper exports rise to $2.76B Vs $2.11B year ago

SELLCOPPER JUNE BELOW 306.50 SL 308.80 TGT 305-303.60-302.50.MCX