On MCX settled up 0.53% at 376.65 recovered from the Monday’s fall tracking gains from LME copper which ended 0.4 per cent higher at $US5,778, after slipping to its lowest since March 27 at $US5,730. On Monday, it broke below the 100-day moving average at $5785, and ended with a 1.5 per cent loss. As pressure seen after the world's biggest copper mine Escondida has restarted production but is still some way from a return to full capacity after a strike that ended in late March, a senior executive from mine owner BHP Billiton, said. Chinese markets were out on holiday for a second day, draining the market of liquidity and direction in yesterday session also.

Trading Ideas:

* Copper trading range for the day is 374.1-378.5.

* Copper settled with firmness following brighter global manufacturing reports

* Union leader at Southern Copper said company should share more of its profits with workers to avoid an indefinite strike.

* US manufacturing activity retreated from a 2-1/2-year high in March amid a decline in production and an inventory draw down.

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