Copper ended higher as upbeat demand prospects in two of the world's biggest consumers helped to keep a surprisingly strong summer rally intact. Investors are optimistic that demand from top copper consumer China will remain strong in the second half of the year given little sign that its monetary tightening efforts had sharply slowed the world's No. 2 economy, which grew a faster-than-forecast 9.5 percent in the second quarter. Market participants also expect a deficit in global copper supply this year, with shortage risks increased by weather and labor unrest at major mines in Chile and Indonesia. Copper yesterday traded with the positive node and settled 1.16% up at 440.45. In yesterday's trading session copper has touched the low of 435.4 after opening at 436, and finally settled at 440.45. For today's session market is looking to take support at 436.3, a break below could see a test of 432.2 and where as resistance is now likely to be seen at 443.7, a move above could see prices testing 446.9.

Trading Ideas:

Copper trading range is 432.2-446.9.

Copper ended higher as upbeat demand prospects helped to keep surprisingly strong rally intact

Investors are optimistic that demand from China will remain strong in the second half of the year

Copper is taking resistance at 443.70 and support is seen at 436.30.