Copper settled flat amid upbeat economic data and a weaker dollar but came off earlier highs as investors locked in profits. Copper boosted by better-than-expected U.S. jobless claims, which are beginning to show some signs of life-traders. Supply-side concerns underpin copper, with potential strike at world's No. 3 copper mine, Collahuasi, in Chile. LME copper stocks fell 575 tonnes to 368,025 tonnes on Thursday. COMEX copper warehouse stocks went down by 163 short tons to 75,459 short tons as of Oct. 27. For today market is looking for the support at 372, a break below could see a test of 370.4 and where as resistance is now likely to be seen at 376.3, a move above could see prices testing 379.

Trading Ideas:

Copper trading range is 370.4-379.

Copper closed flat buoyed by a combination of dollar weakness and U.S. data

Copper is taking resistance at 376.30 and support is seen at 372.

Copper daily stocks at Shanghai exchange came up by 200 tonnes.