Archive · 30 Jun 2025
Copper Futures: Trading Strategy and Price Analysis
Imagine copper prices are like a bouncing ball.
Recently, the price went up to almost 900 rupees, a high point in the last three months.
Right now, it's a little lower, around 892 rupees.
Experts think the price might go up even more because it broke through a barrier.
If the price goes down a bit, it's likely to stop around 885 rupees.
The price might then reach 930 rupees, but after that, it could go down again.
So, the overall expectation is that the price will go up.
Copper futures hit a 12-week high of ₹896.80 (per kg) on June 26.
The price has since moderated, currently around ₹892.
A key resistance at ₹885 was broken, potentially opening the door for a further rally.
If the price corrects, support is expected at ₹885, with another at ₹875.
The contract could reach ₹930, a potential resistance, before a possible decline.
- Who
- Not explicitly mentioned.
- What
- Copper futures price movement.
- When
- The article was published on June 30, 2025.
- Where
- Not explicitly mentioned.
- Why
- Not explicitly mentioned.
- High Price (June 26)
- ₹896.80 (per kg)
- Current Price
- ₹892
- Key Resistance
- ₹885
- Potential Price Target
- ₹930
- Stop-loss
- ₹870