Copper trading range for the day is 330.1-340.3.Copper pared gains due to stronger dollar after prices gained earlier as economic growth numbers in China boosted confidence and left the door open for more stimulus. China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to roll out more support measures.

Premiums for copper on a cost insurance and freight (CIF) basis to Shanghai rose by $2.50 to $45-$60 a tonne, the latest data showed, up from as low as $35-45 in mid-June. Three Federal Reserve policymakers expressed the view that there was no hurry to raise U.S. interest rates in the wake of the UK decision to leave the European Union.

Meanwhile, the headline retail sales hit 0.6% on a monthly basis, beating the forecast of a minor 0.1% expansion, followed by a revised 0.2% seen in May. Technically market is under fresh buying as market has witnessed gain in open interest by 3.92% to settled at 16260, now Copper is getting support at 332.1 and below same could see a test of 330.1 level, And resistance is now likely to be seen at 337.2, a move above could see prices testing 340.3.     

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