Copper yesterday traded with the negative node and settled -1.91% down at 405.15 unable to build on the previous session's sharp rally, as investors sided with caution after another round of weak data suggested the U.S. economic recovery could be stalling. One day after the metal posted its biggest gain in two months, copper prices fell in tandem with other economically-sensitive commodities like crude oil, after discouraging U.S. housing and factory data pointed to less economic strength than previously thought. The data triggered renewed selling in the metal and added to growing evidence that U.S. economic prospects were far from upbeat. Copper has risen around 6 percent since falling to five-month lows last week, but patchy U.S. data, a debt crisis in the euro zone and persistent concerns about global economic growth mean commodities will remain under pressure. For today's session market is looking to take support at 402.2, a break below could see a test of 399.3 and where as resistance is now likely to be seen at 410.3, a move above could see prices testing 415.5.

Trading Ideas:

Copper trading range is 399.3-415.5.

Copper's losses accelerated after data showed a slowdown in manufacturing growth in the U.S

Copper is taking resistance at 410.30 and support is seen at 402.20.

Copper daily stocks at Shanghai exchange came down by 1922 tonnes