MUMBAI (Commodity Online): At the Multi-Commodity Exchange of India (MCX), Copper has fallen by afternoon trade following the weakness in global markets. MCX Copper August contract is down by over 0.60% at 399.70 after opening Tuesday at 402.40. November contract meanwhile is down by over 0.50% This follows the slump in the London Metal Exchange (LME) which fell to $8,886.75 a tonne by 0337 GMT, after rising as high as $8,953.75 earlier. "Risk appetite has staged a partial recovery. But with the recent volatility we've seen, those who get nervous easily sell on rallies. It's a very, very uncertain time", said Citigroup analyst David Thurtell as per a Reuters report Copper meanwhile is down by 7% for the year and with the metal November futures trading at a 330 Yuan discount at the Shanghai Futures Exchange, Chinese buying is expected The US is scheduled to release data on housing starts and industrial output later this week. Investors are now looking forward to the release to ascertain the state of the US economy GEOJIT Comtrade view: MCX Copper August: Prices to trade in between 397 - 404 now, break of either level could decide the momentum. S1 397 S2 388 R1 404 R2 410.60

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