Copper Prediction for Tomorrow: MCX Copper Rises to Rs 1,338.75, Outlook for 16 June 2026
- June 15, 2026
- Posted by: Kunal Singla
- Category: News
Copper prediction for tomorrow, 16 June 2026: MCX closed Rs 1,338.75 (+0.25%). Pivot Rs 1,342, resistance Rs 1,346, support Rs 1,334. June contract.
The copper prediction for tomorrow, 16 June 2026, sees MCX copper hold its bid after closing at Rs 1,338.75, up 0.25 percent today. Copper stays supported by a tight global market, with the dollar after the Fed as the swing factor for tomorrow.
Ankit Jaiswal, Senior Research Analyst at Univest, breaks down the copper prediction for tomorrow with the MCX levels, the pivots for the next session and the global drivers in play.
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How Today Set Up the Copper Prediction for Tomorrow
MCX copper june futures closed at Rs 1,338.75, up 0.25 percent, with open interest at 16,187 lots. The day ranged from Rs 1,337.60 to Rs 1,349.50. Copper held firm as the structural deficit story stayed intact even with the dollar in focus. That sets up the copper prediction for tomorrow.
Key Levels for the Copper Prediction for Tomorrow
| Level | Value |
|---|---|
| MCX close | Rs 1,338.75 (+0.25%) |
| Day range | Rs 1,337.60 to Rs 1,349.50 |
| Pivot (next session) | Rs 1,342 |
| Resistance R1 / R2 | Rs 1,346 / Rs 1,354 |
| Support S1 / S2 | Rs 1,334 / Rs 1,330 |
| Open interest | 16,187 lots |
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The pivot for the next session sits at Rs 1,342, with resistance at Rs 1,346 and Rs 1,354 and support at Rs 1,334 and Rs 1,330. These levels frame the copper prediction for tomorrow, and traders use them as the playbook for the next move.
What Will Drive the Copper Prediction for Tomorrow
Several forces shape the copper prediction for tomorrow.
- Commodity trigger: Copper stays supported by a tight global market, with the dollar after the Fed as the swing factor for tomorrow.
- The dollar: The US rate path under new Chair Kevin Warsh drives the dollar, which prices every commodity, with the Fed statement late Wednesday night India time
- Geopolitics: The US-Iran de-escalation keeps moving energy and safe havens, the fastest variable on the board
- The rupee: USD-INR moves MCX prices even when international benchmarks stand still
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Trading Strategy for Tomorrow
The copper prediction for tomorrow favours trading the levels rather than chasing the move.
- Pivot is the line: Above Rs 1,342 the bias stays up, below it the Rs 1,334 support comes into play
- Resistance to watch: Rs 1,346 caps the first move, Rs 1,354 above it
- Watch the dollar first: Most failed commodity trades are dollar calls in disguise, check the dollar index before the chart
- Respect the stop: Commodities have swung violently in 2026, defined risk beats conviction
Copper Prediction for Tomorrow: Quick Answers
Copper outlook for tomorrow: MCX at Rs 1,338.75, pivot Rs 1,342, resistance Rs 1,346, support Rs 1,334.
Key resistance and support: Resistance Rs 1,346 and Rs 1,354, support Rs 1,334 and Rs 1,330.
The big driver: The dollar after the Fed and the US-Iran arc, with the rupee shifting MCX levels in the copper prediction for tomorrow.
Download the Univest iOS App or Univest Android App to track the copper prediction for tomorrow with live MCX levels and daily research from Univest analysts.
Conclusion
The copper prediction for tomorrow, 16 June 2026, keys off Rs 1,338.75 on MCX. The pivot at Rs 1,342 is the line to watch, resistance sits at Rs 1,346 and support at Rs 1,334, with the dollar, the Fed and the rupee deciding direction. Univest analysts will refresh the copper prediction for tomorrow each session. Check back for the next update.
Disclaimer: Data and figures in this article are sourced from publicly available information and live market feeds as of the close of trade on 15 June 2026. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Copper Prediction for Tomorrow
What is the copper prediction for tomorrow, 16 June 2026?
Ans. The copper prediction for tomorrow keys off Rs 1,338.75 on MCX after a +0.25 percent move today. The pivot for the next session is Rs 1,342, with resistance at Rs 1,346 and support at Rs 1,334. Copper stays supported by a tight global market, with the dollar after the Fed as the swing factor for tomorrow.
What are the MCX levels for copper tomorrow?
Ans. The pivot is Rs 1,342. Resistance sits at Rs 1,346 and Rs 1,354, while support is at Rs 1,334 and Rs 1,330. Today’s range was Rs 1,337.60 to Rs 1,349.50.
What will drive copper prices tomorrow?
Ans. Copper stays supported by a tight global market, with the dollar after the Fed as the swing factor for tomorrow. The dollar after the Fed, the US-Iran arc and the rupee complete the frame for the copper prediction for tomorrow.
Is Copper bullish or bearish for tomorrow?
Ans. Copper closed up 0.25 percent today at Rs 1,338.75. The near-term bias stays positive above the pivot of Rs 1,342, with the dollar and the rupee as the swing factors.
Who provides the Univest view on the copper prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest provides the view, with Univest analysts tracking MCX levels, the dollar, the rupee and global cues through the session.
