Copper on MCX settled up 1.1% at 321.65 rebounded off support as a weak dollar helped lift the base metal. While LME Copper closed up 0.9% at $4,822, having earlier hit a one week high at $4,888.50 edged up as the dollar eased, but stayed close to its weakest level in four weeks as persistent signs of oversupply amid tepid Chinese demand growth weigh on prices. Investors pared expectations slightly for a Federal Reserve interest rate increase following weak U.S. productivity data, which drove the dollar and Treasury yields lower.

From data point Investors continue to closely monitor U.S. employment data, following last Friday's robust jobs report for the month of July. Yesterday the US Department of Labor reported that job openings rose by 2.0% in June to 5.624 million from a relatively soft revised annualized rate of 5.514 million a month earlier. Visit Us http://www.ripplesadvisory.com/agri-commodity.phpor Get Free Trials Just Give One Missed Call @98-27-80-80-90. 

  Technically market is getting support at 318.3 and below same could see a test of 314.9 level, And resistance is now likely to be seen at 325.1, a move above could see prices testing 328.5.