COMEX copper is attempting to recover following a sharp side to its lowest levels in nearly five months late yesterday tracking decline in equities. The major averages on Wall Street ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1 percent to 16,195.81, the S&P 500 slid 40.53 points or 0.8 percent to 5,199.50 and the Dow fell 234.21 points or 0.6 percent to 38,763.45. Global economic concerns coupled with sustained rise in copper inventories continue to batter the red metal below $4 mark. Currently, the counter is quoting at $3.95 per pound, up 0.18% on the day after sliding by over 1.5% yesterday.

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