Copper ended positive as a lackluster jobs report increased market expectations of a second monetary stimulus.  Copper prices have also rallied on hopes that so-called quantitative easing will boost metal demand through stronger economic growth. Chile, the world's largest copper producer, is struggling to maintain output as its resources are depleting and not enough world-class deposits have been discovered to replace or increase production. Once-a-week data released on Fridays by the Shanghai Futures Exchange showed a weekly rise of 6,727 metric tons to 94,174 tons. For today market is looking for the support at 368.7, a break below could see a test of 367.7 and where as resistance is now likely to be seen at 370.7, a move above could see prices testing 371.6.

Trading Ideas:

Copper trading range is 367.7-371.6.

Copper rallied after release of lackluster jobs report

Chile is struggling to maintain output as its resources are depleting

Copper weekly stocks at Shanghai exchange came up by 6727 tonnes.