Market and product

MUMBAI (Commodity Online): MCX Copper is trading up by 1% on Tuesday morning trade after strong Chinese PMI data continued to support investor interest in the metal.

MCX copper November is currently trading at Rs 384.95 after opening the day at Rs 382. while COMEX copper December is trading at $3.493, up 0.049 cents.

-China's preliminary HSBC PMI data indicated a 51.1 reading for October, up from 49.9 in September. Above 50 indicates economic expansion and vice versa.

-Weak European data however capped the upside. Prices had earlier hit an intra day high of Rs 389.30. Manufacturing activity in Germany, Europe's largest economy, declined while France remained negative.

Technical Target by Angel Commodities for October 25

Support seen at Rs 368 and Rs 375.20 while Resistance expected at Rs 388.20 and Rs 395.30