MCX copper price may hit 1010+ levels next week, predicts market analyst Neal Bhai. Find out why copper is gaining momentum, key market factors, and what traders should watch out for.
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Copper prices on the Multi Commodity Exchange (MCX) have been showing steady strength in recent sessions, and market analyst Neal Bhai has given a bold forecast for the coming week. According to him, MCX copper could hit 1010+ levels, signaling a strong upside trend for traders and investors.
The metal has been supported by rising global demand, especially from China and other industrial hubs, along with a weaker U.S. dollar that makes commodities more attractive. In addition, supply concerns in key producing countries have kept copper well-bid, adding fuel to the rally.
Neal Bhai copper target
Below is a quick look at key levels for MCX copper:
| Level | Price (₹) | Remarks |
|---|---|---|
| Support 1 | ₹965 | Strong buying interest |
| Support 2 | ₹9,55 | Trend reversal zone |
| Resistance 1 | ₹1000 | Breakout watch level |
| Resistance 2 | ₹1010 | Target beyond 1010+ |
With bullish momentum building, traders are advised to stay alert for volatility. Copper’s rally could open fresh opportunities for both short-term and positional traders.
👉 Neal Bhai’s view: “MCX copper looks strong; next week’s target 1000++.”
MCX Copper technical Analysis
On the technical front, copper has been forming higher highs and sustaining above crucial support zones. Neal Bhai suggests that if copper continues to hold above the 980–985 range, the next target of 1000—1010 and beyond looks achievable. For intraday traders, maintaining a bullish bias may prove profitable, while positional traders should keep an eye on global cues and inventory data.
Commodity experts believe that copper’s long-term outlook remains positive due to its increasing use in electric vehicles, renewable energy projects, and infrastructure development. This makes the metal not just a short-term trading opportunity, but also a solid investment theme.
As markets gear up for the upcoming week, all eyes will be on whether copper can cross the psychological 1000 mark on MCX, as predicted by Neal Bhai. A breakout above this level could open the door for further upside in the near term.