Archive · 30 Jul 2025
Copper Futures Range Bound, Showing Bullish Tendencies
Imagine copper prices are like a bouncing ball, stuck between two heights.
For over a week, it's been bouncing between ₹892 and ₹902.
Right now, it's near the top of this range.
The overall trend is that prices are going up, and this sideways movement is just a pause.
If the ball bounces high enough to go over ₹902, it could go up to ₹912.
However, if it falls below ₹892, the price could go down.
Copper futures have been range-bound between ₹892 and ₹902 per kg for over a week.
The contract is currently trading near the upper end of the range at ₹899 per kg.
The broader trend is up, with the current sideways move seen as a consolidation.
A bullish breakout above ₹902 could take the contract up to ₹912 in the short term.
Breaking below ₹892 would invalidate the bullish view, potentially leading to a fall to ₹880-₹870.
- Who
- The article is about the Copper Futures contract.
- What
- Copper futures are experiencing a period of consolidation.
- When
- The consolidation has lasted for more than a week.
- Where
- Multi Commodity Exchange (MCX).
- Why
- The sideways movement is a consolidation within the broad uptrend.
Bullish Outlook
Bearish Outlook
Price Direction
Bullish Outlook
Copper prices are expected to break above ₹902.
Bearish Outlook
If prices fall below ₹892, the bullish view will be wrong.
- Current Price
- ₹899 per kg
- Support Zone
- ₹892 to ₹890
- Resistance Level
- ₹912
- Potential Target (short term)
- ₹912
- Potential Target (medium term)
- ₹930
- Stop-loss
- ₹889
- Entry Point
- ₹899
- Exit Point
- ₹911