Copper on MCX settled down -1.21% at 325.70 after a report showed that activity picked up at China's small to medium size factories in July. Growth eased in the euro zone last month, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort, surveys indicated, even as British manufacturers slammed on the brakes last month after the Brexit vote.

There is also U.S. ISM data on both manufacturing and service sector activity. Thursday’s rate announcement from the Bank of England will be in focus, amid mountings expectations the central bank will step up monetary stimulus to counteract the negative economic shock from the Brexit vote. 

Technically market is under fresh selling as market has witnessed gain in open interest by 28.35% to settled at 21211 while prices down -4 rupee, now Copper is getting support at 323.3 and below same could see a test of 320.8 level, And resistance is now likely to be seen at 330.5, a move above could see prices testing 335.2.  

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