Copper prices gained on Friday over optimism from Chinese buyers and statement from its cabinet report saying China to grow around 1.6% for the year

Japanese manufacturing activity expanded in December at the fastest clip in more than seven years.  Indonesia will provide exemptions to its 2014 mineral export ban for firms that process more domestically.  Copper can move higher as demand from China and supply Issues in Indonesia can push the prices higher for the week.

Trend of MCX Copper February future is in consolidation and also sustaining around higher levels.  For the coming week, it could face major resistance of 497/513 whereas 462/451could be a major support in MCX Copper. For the next week trader may follow buy on lower levels strategy, if MCX Copper future sustain above 473 levels then it could test the level of 482.30/496.90.