Copper yesterday traded with the negative node and settled -0.99% down at 398.95 surrendering earlier gains and failing to match a mostly positive feel in commodities at the start of the week, as global growth concerns continued to cloud near-term demand prospects. Copper continued to be pushed and pulled by internal and outside market forces. Prices initially climbed on the heels of encouraging Chinese July import figures, but the gains were quickly rolled back as the sluggish U.S. growth fears and Europe's festering debt crisis that has ravaged global financial markets in recent weeks forced European equities back down at one point alongside a jittery Asian session.  Amid the worrisome economic clouds that have gathered overhead in recent weeks, there have been some signs of a brighter demand outlook on the horizon. In yesterday's trading session copper has touched the low of 397.5 after opening at 403.85, and finally settled at 398.95. For today's session market is looking to take support at 395.8, a break below could see a test of 392.6 and where as resistance is now likely to be seen at 403.9, a move above could see prices testing 408.9.

Trading Ideas:

Copper trading range is 392.6-408.9.

Copper ends cautiously lower on global economic worries

China refined copper imports up 8.8 pct in July

Copper daily stocks at Shanghai exchange came down by 1797 tonnes