MCX Copper price forecast (Copper is Next Silver): Traders can buy above ₹1038–1042 for short-term targets of ₹1058–1064. Get simple technical analysis, key levels, and expert trading view.
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MCX Copper Price Forecast: Buy or Sell? Learn from Neal Bhai
MCX Copper is showing strong support around ₹1038–1042, and this zone is very important for traders today. If copper prices stay above this level, buyers can take charge and push the market toward higher levels.
MCX Copper Price Forecast: Buy Above 1038–1042 for Target 1058–1064 – Hot Trading Tip for Big Gains
MCX Copper is showing strong support around ₹1038–1042, and this zone is very important for traders today. If copper prices stay above this level, buyers can take charge and push the market toward higher levels.
According to market sentiment and technical charts, once copper crosses and sustains above ₹1042, a fresh buying setup will become active. This can open the door for a rally toward ₹1058–1064, which are the next major resistance zones.
Why MCX Copper Looks Positive?
- Demand outlook is improving due to global economic recovery.
- Industrial metals are getting support from strong risk sentiment.
- Technical charts show bullish momentum on higher time frames.
If copper slips below ₹1038, traders should stay cautious because selling pressure may come back and push prices lower.
Trading View by Neal Bhai
“As long as MCX Copper stays above 1038–1042, the trend remains positive. Bulls can aim for 1058–1064. Use proper stop loss and avoid over-leveraging.”
Key Levels to Watch
- Buy Zone: ₹1038–1042
- Stop Loss: Below ₹❌❌❌❌
- Target 1: ₹1058
- Target 2: ₹1064
If copper slips below ₹1038, traders should stay cautious because selling pressure may come back and push prices lower.
Trading View by Neal Bhai
“As long as MCX Copper stays above 1038–1042, the trend remains positive. Bulls can aim for 1058–1064. Use proper stop loss and avoid over-leveraging.”
FAQs
1. What is the MCX Copper buy level for today?
Buy above ₹1038–1042 with a stop loss below ₹1032.
2. What are the copper targets according to this analysis?
Targets are ₹1058 and ₹1064.
3. Is MCX Copper bullish right now?
Yes, copper looks bullish as long as it trades above ₹1038–1042.
4. What should traders avoid?
Avoid buying if copper falls below ₹1027, as weakness may return.
5. Is this tip for intraday or swing trading?
This setup is good for both intraday and short-term swing trades, depending on market momentum.
⚠️ Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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