Copper ended flat on stronger-than-expected manufacturing data in China reinforced healthy demand prospects from the world's largest consumer. Copper gains capped after U.S. data showed growth in its manufacturing sector slowed in September, while construction spending rose in August. LME warehouse stocks data, showing inventories down another 350 tonnes to 373,800 tonnes, having fallen from 6-1/2 year highs at 555,075 tonnes in mid-February. COMEX copper warehouse stocks off 192 short tons at 84,883 short tons as of Thursday. Copper has touched a low of Rs 361.65 a kg after opening at Rs 362.65, and last traded at Rs362.15.For today market is looking for the support at 360.6, a break below could see a test of 359 and where as resistance is now likely to be seen at 364.8, a move above could see prices testing 367.5.

Trading Ideas:

Copper trading range is 359-367.5.

Copper ended flat on stronger-than-expected Chinese manufacturing data reinforced demand prospects

Copper is taking resistance at 364.8 and support is seen at 360.6.

Spread between copper NOV & FEB contracts yesterday traded in the range of 1.5 - 2.