COMEX Copper attempts recovery from three-month lows on Wednesday morning in Asia after staying deep in red during the last four sessions. In the last one-week, the red metal has given up nearly 20%. The counter currently trades down 0.18% on the day at $4.13 per pound following a 1% decline yesterday. MCX Copper is also tracking global counterpart and seen lower under Rs 800 per kg. Weakness in dollar is supporting the metal to some extent although sharp slide in equities are expected to cap upside. The major averages on Wall Street climbed off their worst levels going into the close but still posted significant losses on the day. The Nasdaq plunged 335.35 points or 2.2 percent to 15,267.91, the S&P 500 slumped 79.48 points or 1.6 percent to 4,982.77 and the Dow slid 320.01 points or 0.8 percent to 37,645.59.

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