Copper ended up after hitting a new 15-month peak, as receding concerns about Dubai's debt and a string of upbeat data this week reinforced economic and demand recovery optimism in 2010. LME copper stocks up another 2,000 tonnes to 443,000 tonnes, their highest level since April. COMEX copper warehouse stocks rose by 1,304 short tons to 86,995 short tons as of Tuesday. Copper has touched a low of Rs 327.8 a kg after opening at Rs 328.85, and last traded at Rs332.6. For today market is looking for the support at 329.00, a break below could see a test of 325.40 and where as resistance is now likely to be seen at 334.90, a move above could see prices testing 337.20.

Trading Ideas:

COPPER TRADING RANGE IS 320-345.

COPPER ENDED UP ON ECONOMIC AND DEMAND RECOVERY OPTIMISM IN 2010

BUY COPPER FEB @ 331-332 SL 329.60 TGT 334.80-336.20-338.MCX

SOME SELLING PRESSURE WILL BE SEEN IN THE MARKET TILL 338 LEVEL.

COPPER DAILY STOCK AT SHANGHAI EXCHANGE CAME UP BY 649 TONNES