Copper ended lower on worries about the long-term effectiveness of the euro-zone bailout package. Inventories of copper stored in LME warehouses fell 1,075 metric tons, leaving them at 486,375. The most recent Comex inventory data, released late Tuesday afternoon, were unchanged at 101,220 short tons. Copper has touched a low of Rs 314.7 a kg after opening at Rs 318.05, and last traded at Rs317.35.For today market is looking for the support at 313.5, a break below could see a test of 309.6 and where as resistance is now likely to be seen at 322.5, a move above could see prices testing 327.7.

Trading Ideas:

Copper trading range is 309.6-327.7.

Copper faltered on continuing euro zone economic worries

Copper is getting resistance at 318.60 and support is at 315.80 level.

Copper daily stock at Shanghai exchange came down by -1449 tonnes.

COPPER BUY COPPER JUN @ 315-316 SL 314 TGT 317.50-318.80.MCX