Copper closed at their lowest level in 2-1/2 months amid continued worries about a possible demand slowdown in top consumer China and on a stronger dollar. Copper stored in warehouses affiliated with the LME fell 2,325 metric tons Monday to 496,975. The most recent Comex data, as of Monday afternoon, were steady at 101,151 short tons. Copper has touched a low of Rs 315 a kg after opening at Rs 325.2, and last traded at Rs316.75.For today market is looking for the support at 312, a break below could see a test of 307.3 and where as resistance is now likely to be seen at 324.5, a move above could see prices testing 332.3.

Trading Ideas:

Copper trading range is 307.3-332.3.

Copper closed lower amid continued worries about a possible demand slowdown

Copper is getting resistance at 318.60 and support is at 315.20 level.

Copper a bounce till 320-322 can be seen overall looking to test 312-310 level.

BUY COPPER JUNE @ 316-317 SL 314.60 TGT 318.20-319.60-320.50.MCX