Copper settled flat on Saturday after reversed gains on Friday, pressured by a rising dollar and uncertainty about the growing debt problems in the euro zone, although ongoing industrial action in major copper mines limited further falls. Helping limit further falls were strikes at Freeport McMoran's Grasberg copper and gold mine in Indonesia and Cerro Verde copper mine in Peru. The strike involving thousands of workers at Freeport McMoRan's Indonesian copper mine and port has delayed around 133,000 tonnes of copper ore concentrate shipments, industry officials said. Copper stocks at LME-approved warehouses fell 125 tonnes to 466,025 tonnes. Levels are about a third higher than in December 2010, data showed. Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 1.1 percent from last Friday, the exchange said on Friday. In yesterday's trading session copper has touched the low of 413.5 after opening at 414.2, and finally settled at 414.1. For today's session market is looking to take support at 413.6, a break below could see a test of 413 and where as resistance is now likely to be seen at 414.6, a move above could see prices testing 415.

Trading Ideas:

Copper trading range is 413-415.

Copper reversed gains on Friday, pressured by rising dollar and uncertainty about the growing debt problems

Strike involving thousands of workers at Indonesian copper mine has delayed around 133,000T

Copper weekly stocks at Shanghai exchange came down by 1239 tonnes