Copper yesterday traded with the positive node and settled 1.3% up at 441.35 on speculation that support from Japan and China for the European Union will help avoid a drop in metal demand. Japan may extend purchases of bonds sold by a European financial-aid fund, two government officials familiar with the matter said. In yesterday's trading session copper has touched the low of 436.7 after opening at 436.7, and finally settled at 441.35. For today's session market is looking to take support at 437.4, a break below could see a test of 433.5 and where as resistance is now likely to be seen at 444.6, a move above could see prices testing 447.9.

Trading Ideas:

Copper trading range is 433.5-447.9.

Copper gained 1.3% as Japan said it would follow China in purchasing debt.

Copper for delivery in three months climbed $180 or 1.9% to $9,690 a metric ton ($4.40 a pound) on LME.

Copper daily stocks at Shanghai exchange came down by 300 tonnes

COPPER LOOK TO TRADE IN THE RANGE 438-444. WAIT FOR FRESH ENTRY.

YESTERDAY LME STOCK FOR COPPER CAME Down  BY -1475