Copper gained on the weaker dollar and as worries of further monetary tightening in China subsided. Meanwhile, concerns over the euro zone's sovereign debt problems eased as German business sentiment soared to an all-time high. In addition to lessening concern about the global economy, the news also sent the euro to a two-month peak against the dollar, further supporting copper. Inventories of copper stored in LME warehouses rose 775 metric tons Friday, leaving them at 381,300. Data released on Friday by the Shanghai Futures Exchange showed a weekly decline of 2,283 metric tons to 130,364. Copper has touched a low of Rs 437 a kg after opening at Rs 437, and last traded at Rs437.85.For today market is looking for the support at 437.2, a break below could see a test of 436.6 and where as resistance is now likely to be seen at 438.2, a move above could see prices testing 438.6.

Trading Ideas:

Copper trading range is 436.6-438.6.

Copper gained on short covering amid weaker dollar

Copper looks to take support at 435.20 and resistance at 439.60.

Copper weekly stocks at Shanghai exchange came down by 2283 tonnes

BUY COPPER FEB ABV 438.50 SL 436.50 TGT 440-442.50-443.60.MCX