Copper fell last week hitting its lowest level in one week as investors began to price in weaker demand prospects from the United States and China, two of the world's biggest users of the industrial metal. In an indicator of demand, copper inventories stored in LME-monitored warehouses fell by 2,750 metric tons Friday, to 457,425.  Once-a-week data released on Fridays by the Shanghai Futures Exchange showed a weekly decline of 3,388 metric tons to 135,944.  Copper has touched a low of Rs 293.65 a kg after opening at Rs 294.95, and last traded at Rs294.3.For today market is looking for the support at 293.6, a break below could see a test of 293 and where as resistance is now likely to be seen at 295, a move above could see prices testing 295.7.

Trading Ideas:

Copper trading range is 293-295.7.

Copper fell last week as investors began to price in weak demand prospects from U.S and China

Copper looks to take support at 292.60 and resistance at 295.80

Copper weekly stock at Shanghai exchange came down by -3388 tonnes.

BUY COPPER JUNE ABV 296 SL 294.20 TGT 297.40-298.80-300.MCX