Copper prices remained in a range for the week as mixed manufacturing data coming from US, Italy and Spain kept the prices in a tight range.

Stronger dollar internationally also pressured the copper prices. s. The metal used in power and construction fell 7.2 percent in 2013 but gained more than 4 percent in December. Today Japanese markets remained shut. We expect Copper prices to move in a range along with other base metals as mixed data coming from US and other economies can keep the prices in tight range.

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.