COMEX copper continues to edge higher after a sharp slide to a near 3 week low earlier in the week tracking dollar strength that accelerated gains to above 100 mark. Weak manufacturing data from top consumer China also weighed on sentiment, clouding the demand outlook for industrial metals. However, notable pullback in overnight equities is supporting the red metal. The Nasdaq advanced 151.16 points or 0.7 percent to 23,499.80, the Dow climbed 225.76 points or 0.5 percent to 47,311.00 and the S&P 500 rose 24.74 points or 0.4 percent to 6,796.29.The counter is currently quoting at $5.01 per pound, up over half a percent on the day. MCX copper is hovering above Rs 1000 per kg.

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