Copper finished sharply lower as the dollar rose on concerns about euro zone sovereign debt and participants worried about Chinese attempts to cool its economy. A lower than expected reading from the Federal Reserve Bank of New York's Empire Manufacturing survey added to the pressure on copper. Copper has touched a low of Rs 296.05 a kg after opening at Rs 312, and last traded at Rs298.1.For today market is looking for the support at 292.1, a break below could see a test of 286.1 and where as resistance is now likely to be seen at 308.1, a move above could see prices testing 318.

Copper trading range is 286.1-318.

Copper finished sharply lower as dollar rose on concerns about euro zone

Copper is getting resistance at 299.80 and support is at 296.20 level.

Copper daily stock at Shanghai exchange came up by 1675 tonnes.

SELL COPPER JUNE @ 302 SL 304.60 TGT 300.60-298.50.MCX