Copper prices have climbed above the USD 9,500/mt mark last week, but will experience consolidations at the mark in the short term. Some bounce can be seen after a strong 7.1 magnitude earthquake hit central Chile on Sunday, driving panicked residents from their homes due to fears of a tsunami but causing no injuries or damage. In yesterday's trading session copper has touched the low of 438.9 after opening at 439.3, and finally settled at 439.55. For today's session market is looking to take support at 439.1, a break below could see a test of 438.6 and where as resistance is now likely to be seen at 439.9, a move above could see prices testing 440.2.

Trading Ideas:

Copper trading range is 438.6-440.2.

Copper prices have climbed above the USD 9,500/mt mark for last year.

Copper is taking resistance at 440.60 and support is seen at 436.80.

ETF Securities base metals Holdings Stand At 1,445.4t Copper.

COPPER LOOK TO TRADE IN THE RANGE 435-442 WILL WAIT FOR FRESH ENTRY.

YESTERDAY LME STOCK FOR COPPER CAME Up  BY 5050