Copper Prediction for Tomorrow, 21 July 2026: MCX Copper Rises 0.67 Percent to Rs 1,324 as Base Metals Firm Up
- July 20, 2026
- Posted by: Kunal Singla
- Category: News
Copper prediction for tomorrow 21 July 2026: MCX Copper August futures closed at Rs 1,324.20, up 0.67 percent. Support Rs 1,316. Resistance Rs 1,330 and Rs 1,345.
Copper prediction for tomorrow: MCX Copper August futures closed higher at Rs 1,324.20 on Monday, up 0.67 percent, rebounding from Friday’s weakness as base metals broadly firmed up even amid a genuinely volatile session for crude oil and Indian equities. This copper prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Kunal Singla, Associate Director at Univest, notes that the copper prediction for tomorrow reflects a metal that has settled back into its own China-demand-driven rhythm, with Monday’s gain coming independent of both the crude oil spike above 90 dollars a barrel and the sharp banking-sector selloff dominating the broader market.
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Market Recap Behind the Copper prediction for tomorrow
Copper opened at Rs 1,320.55, touched a high of Rs 1,325.35 and a low of Rs 1,316.35 before closing at Rs 1,324.20, a steady session that reverses Friday’s two-session pullback. August and September contracts moved together, suggesting genuine, broad-based buying rather than a narrow near-month bounce.
Copper prediction for tomorrow: Trend and Key Levels
Trend: Bullish Above Rs 1,316
| Level Type | Value |
|---|---|
| Support 1 | Rs 1,316 |
| Support 2 | Rs 1,305 |
| Resistance 1 | Rs 1,330 |
| Resistance 2 | Rs 1,345 |
Kunal Singla flags Rs 1,316 as the immediate support for the copper prediction for tomorrow, with Rs 1,330 as the first resistance. A close above Rs 1,345 would confirm the metal has genuinely resumed its uptrend, while a slip under Rs 1,305 would suggest Monday’s bounce was temporary.
Global Cues for Copper on Tuesday
Brent crude topped 90 dollars a barrel for the first time this cycle on Monday, the ninth straight day of US airstrikes on Iran, before easing off those highs after Iran signalled it had received a mediation proposal. Domestically, Q1 FY27 earnings dominated the session: HDFC Bank and Axis Bank both fell around 5 percent on sequential margin compression, while ICICI Bank and Reliance Industries beat estimates and PSU banks surged on strong results. The rupee weakened to around 96.40 per dollar. Copper’s Monday gain, unaffected by the sharp swings in both crude oil and Indian banking stocks, reinforces that the metal continues trading largely on its own fundamentals rather than the day’s dominant headlines.
Key Triggers in the Copper prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- China demand data: Remains the primary driver for copper’s near-term direction.
- Dollar index moves: A softer dollar would support further upside for the metal.
- Nifty Metal’s own gain: Nifty Metal rose 0.86 percent Monday, confirming the equity and commodity legs of this trade are aligned again.
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Related Metals to Watch Alongside the Copper Prediction for Tomorrow
Copper’s rebound is worth tracking alongside the rest of the metals complex.
Zinc: MCX Zinc also rose 0.62 percent Monday, a similar firming tone across base metals.
Crude Oil: Spiked above Rs 8,150 intraday before easing to close 0.47 percent lower, a sharply different pattern from copper’s own steady gain.
Risks to the Copper prediction for tomorrow
These factors can invalidate this outlook:
- Weak China data: Would remain the primary downside risk for copper independent of the day’s other headlines.
- Dollar strength: Would pressure copper alongside other metals.
- A fresh Iran-US escalation: Could still pull copper higher in sympathy with crude if the situation worsens further.
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Conclusion
The copper prediction for tomorrow, 21 July 2026, is bullish above Rs 1,316, after the metal rebounded from Friday’s weakness even amid a volatile session for crude oil and Indian banking stocks. Kunal Singla flags Rs 1,316 as the key support for the copper prediction for tomorrow, with Chinese demand data the more relevant driver heading into Tuesday.
Disclaimer: Data and figures in this article are sourced from publicly available information. 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, 21 July 2026?
Ans. The copper prediction for tomorrow, 21 July 2026, is bullish above Rs 1,316. MCX Copper August futures closed at Rs 1,324.20 on Monday, up 0.67 percent, rebounding from Friday’s weakness.
Which analyst gave the copper prediction for tomorrow?
Ans. Kunal Singla, Associate Director at Univest, has shared the copper prediction for tomorrow, flagging Rs 1,316 as the key support level.
Did copper react to crude oil’s spike above 90 dollars a barrel on Monday?
Ans. No, and that’s notable: copper rose 0.67 percent Monday even as crude oil spiked above 90 dollars a barrel before easing, confirming the copper prediction for tomorrow’s view that the metal is trading largely on its own China-demand fundamentals.
What could move the copper prediction for tomorrow?
Ans. Chinese demand data and dollar index moves remain the primary drivers, though a further escalation in the US-Iran situation could still pull copper higher alongside the broader commodity complex.
