Copper ended higher on stronger U. S. employment numbers and upbeat economic news from China. Copper got a boost after data showed U. S. private-sector jobs rose by 93,000 in November, compared with a revised October increase of 82,000. Copper prices rallied on the news as traders consider strong employment data an indicator of growing future copper demand. Copper saw rising buying interest amid a slightly weaker greenback. Copper has touched a low of Rs 387 a kg after opening at Rs 388.05, and last traded at Rs395.9. For today market is looking for the support at 389.7, a break below could see a test of 383.6 and where as resistance is now likely to be seen at 399.3, a move above could see prices testing 402.8.

Trading Ideas:

Copper trading range is 383.6-402.8.

Copper ended higher on stronger U. S. employment numbers

Copper is taking resistance at 398.20 and support is seen at 392.60.

Copper daily stocks at Shanghai exchange came down by 475 tonnes.