12 months ago
Copper Futures: Bullish Trend Remains Despite Recent Dip
Imagine copper prices like a roller coaster.
Recently, they dipped a bit, losing 1% this week.
But the overall trend is still looking up!
Last week, the price went above ₹910 and then reached a high of ₹921.50.
Now it's at ₹905, and the experts believe it will go up again.
There are safety nets (support levels) at ₹900, ₹892, and ₹885, which can prevent the price from falling too much.
The plan is to buy copper now, and if the price goes up, sell it at ₹935.
Copper futures are currently trading at ₹905 per kg.
The market has seen a 1% loss this week.
The price broke a resistance level of ₹910 last week.
Support levels are at ₹900, ₹892, and ₹885.
The target price is ₹935 - ₹940 with a stop loss at ₹880.
- Who
- Participants in the copper futures market
- What
- Copper futures trading at a support level with a bullish outlook.
- Where
- Not explicitly stated, but implies the market where copper futures are traded.
- When
- As of September 18, 2025.
- Why
- The analysis suggests buying copper futures due to the expectation of a price rally.
Key facts
- Current Price
- ₹905 (per kg)
- Weekly Loss
- 1%
- Previous Resistance
- ₹910
- Recent High
- ₹921.50
- Key Support Levels
- ₹900, ₹892, ₹885
- Target Price
- ₹935 to ₹940
- Stop Loss
- ₹880
- Publication Date
- September 18, 2025
