Copper ended up buoyed by fresh signs of economic expansion in top metals consumer China, that restored market confidence and reinforced an improved global demand outlook for the industrial metal.  Copper rally driven by stronger-than-expected data from world's top consumer China, suggesting further expansion despite government efforts to clamp down on bank lending and property speculation. Copper further supported by dwindling supply base, with latest LME copper warehouse data showing stocks drop 950 tonnes to 390,450 tonnes, down 30 percent since the middle of February. For today market is looking for the support at 351.4, a break below could see a test of 347 and where as resistance is now likely to be seen at 358.7, a move above could see prices testing 361.7.

Trading Ideas:

Copper trading range is 347-361.7.

Copper ended up buoyed by fresh signs of economic expansion in top metals consumer China

Copper looks to take support at 353.60 and resistance at 358.70.

Copper daily stock at Shanghai exchange came up by 150 tonnes.