Copper ended higher as a weaker dollar and improving fundamentals supported prices, but gains were capped by concerns about U.S. economic recovery and metals demand. Copper stocks at LME-registered warehouses dropped 1,100 tonnes to 416,525 tonnes, extending a fall that started in February. Copper stocks at LME warehouses hit 555,075 tonnes in late February, the highest level since October 2003.Copper has touched a low of Rs 319.3 a kg after opening at Rs 322.45, and last traded at Rs327.3.For today market is looking for the support at 320.9, a break below could see a test of 314.6 and where as resistance is now likely to be seen at 332, a move above could see prices testing 336.8.

Trading Ideas:

Copper trading range is 314.6-336.8.

Copper ended higher as a weaker dollar and improving fundamentals supported prices

Copper looks to take support at 324.80 and resistance at 330.

Copper daily stock at Shanghai exchange came down by -624 tonnes.