Copper futures rose during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal on US dollar weakness amid concerns of US protectionism under the new President Donald Trump. 

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At the MCX, copper futures for February 2017 contract is trading at Rs 399.05 per kg, up by 0.20 per cent, after opening at Rs 399, against a previous close of Rs 398.25. It touched the intra-day high of Rs 399.75. 

                       Trading Ideas

1. Copper trading range for the day is 392.6-402.6.

2. Copper gained to hold 398 level on uncertainty over Trump's policies which sent the dollar to a 1-1/2 month low. 

3. China's Lunar New Year holiday, starting Jan. 27, is expected to subdue metals demand as Chinese factories close, for two to three weeks.

4. Top copper exporter Chile is seen producing 5.79mtns in 2017, a 4.3% increase due to increased output at BHP Billiton's massive Escondida mine.