COMEX Copper futures turned lower today as selling resumed after a stable session on Monday. The red metal pulled back towards a four-month low and currently trades at $4.40 per pound, down 0.68% on the day. The US dollar index has moved up near 99 mark and is keeping metals under pressure. Copper dipped despite supportive cues from equities. In Asia, China's Shanghai Composite index soared around 1%. Hong Kong's Hang Seng index rose 0.68% while Japan's Nikkei average added 0.64%. European stocks advanced as earnings boosted sentiments. The US stocks rallied yesterday as traders seized the opportunity to buy stocks at discounted prices after a recent sell-off. Dow jumped 1.3%. Meanwhile, MCX Copper is at Rs 882.50 per kg, down 0.57% on the day after testing a low of Rs 882.10 per kg.

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