Copper futures trade higher on short covering

AHMEDABAD (Commodity Online): MCX Copper March contract gained as buyers for the industrial metal emerged after energy prices retreated from this week's sharp rally, calming worries about inflation and the global economy. However, copper's rally drew additional support from news that U.S. consumer sentiment rose to its highest in three years in February.
Today, MCX Copper March contract has touched a low of Rs 448.05 after opened at Rs 450.10, and last traded at Rs449.2.
For today market MCX Copper March contract is looking for the support at 447.2, a break below could see a test of 444.7 and where as resistance is now likely to be seen at 451.4, a move above could see prices testing 454.8.
MCX Copper March contract trading range is 443.7-456.1.
Intraday traders can buy MCX Copper March contract near 447 with the stop loss of 442 and can wait for the targets of 454 and 458.

(Source: http://www.commodityonline.com/marketmovers/Copper-futures-trade-higher-on-short-covering-2011-02-28-3150-3-1.html)