Copper ended lower as the stronger dollar weighed on prices. Some pressure had been seen from the LME stock also which came down by 7050mt, the total stock at LME is now at 357950mt.Copper traders continued to eye China, copper's largest consumer, which didn't raise interest rates last weekend as many market participants expected. In the background remains the possibility of further Chinese 'tightening' which if it happens could spark a reactive sell off short term. Copper has touched a low of Rs 414.7 a kg after opening at Rs 419.85, and last traded at Rs416.For today market is looking for the support at 413.6, a break below could see a test of 411.1 and where as resistance is now likely to be seen at 419.6, a move above could see prices testing 423.1.

Trading Ideas:

Copper trading range is 411.1-423.1.

Copper ended lower as the stronger dollar weighed on prices

Copper is taking resistance at 419.60 and support is seen at 413.60.

Copper daily stocks at Shanghai exchange came up by 2123 tonnes.