Copper prices moved lower on Friday as poor demand from China and stronger dollar initially pushed the prices further down. Indonesia's nickel production will decline by 84 percent this year to 9 million tonnes compared to last years.

We expect Copper prices to remain higher as positive US data along with physical demand can keep the prices in Bullish trend for copper. Other Base metals can keep the prices in range to higher for the week.

Trend of MCX Copper February future is in consolidation and also sustaining around lower levels. For the coming week, it could face major resistance of 483/500 whereas 455/439 could 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 462 levels then it could test the level of 470/483.