Copper settle higher propelled by robust manufacturing data in the United States and China, soaring shares and a weak dollar. Copper inventories stored in LME-monitored warehouses rose by 250 metric tons, to 398,775. LME stockpiles fell by 3.6% in August, and are down more than 20% so far this year. A supply deficit in copper in 2011 forecasted, as production isn't seen rising to meet growing demand. Copper has touched a low of Rs 350 a kg after opening at Rs 350, and last traded at Rs357.75.For today market is looking for the support at 352.2, a break below could see a test of 346.7 and where as resistance is now likely to be seen at 361.1, a move above could see prices testing 364.5.

Trading Ideas:

Copper trading range is 346.7-364.5.

Copper settle higher propelled by robust manufacturing data in the United States and China

Copper looks to take support at 355.20 and resistance at 359.80.

Copper daily stock at Shanghai exchange came up by 276 tonnes.