Copper on MCX settled up 1.21% at 321.40 as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar. LME copper gained 1.6% to $4,774 a tonne. It had earlier touched $4,790, its highest since May 6. 

 

Technically now Copper is getting support at 317.9 and below same could see a test of 314.3 level, And resistance is now likely to be seen at 323.7, a move above could see prices testing 325.9. 

           Trading Ideas

1. Copper trading range for the day is 314.3-325.9.

2. Copper gained on a softer dollar, but gains were capped as Britain geared up to vote on whether to leave the European Union.

3. China's domestic copper market tightened in early June, as surplus metal was moved into international storage.