MUMBAI (Commodity Online): Copper futures succumbed to the profit taking at higher level amid weakening sentiments in the global market on Friday.

MCX Copper February contract fell by Re 0.60 or 0.17 percent to Rs 357.65 per kg with a business turnover of 25 lots. November contract also declined by a similar margin to Rs 359.70 per kg with a turnover of one lot. It ended 0.1 percent higher at Rs 358.25 per kg in the previous session.

Meanwhile, copper fell by 0.27 per cent to $7,625 per ton on LME.

Copper ended positive on encouraging home sales and factory orders numbers, but the market settled off its peaks ahead of key U.S. jobs data. The metal was also higher as the dollar fell against the euro after a successful Spanish government debt auction and the ECB offered few surprises after leaving key rates unchanged.

Inventories of Copper stored in LME warehouses rose 700 metric tons, leaving them at 399,475. The most recent Comex inventory data, released late Wednesday afternoon, were unchanged at 95,346 short tons.

Copper has touched a low of Rs 356.65 a kg after opening at Rs 357.75, and last traded at Rs358.25.For today market is looking for the support at 356.5, a break below could see a test of 354.7 and where as resistance is now likely to be seen at 360.2, a move above could see prices testing 362.2.

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