Copper Prediction for Tomorrow, 23 October 2026
- October 22, 2026
- Posted by: Ankit Jaiswal
- Category: Uncategorized
Copper traded at Rs 1,364.95 per kg on MCX, down 1.83%, on the 30 October 2026 futures. Nifty 50 fell 0.54%. India VIX rose 0.96% to 15.83. Next session is tomorrow, Friday 23 October.
Quick Answer
The copper prediction for tomorrow is cautious for tomorrow, 23 October 2026. Copper traded at Rs 1,364.95 per kg on the 30 October futures, down 1.83 percent, a second straight decline, after swinging to a low of 1,335.60. The previous close was 1,390.40, and the high was 1,385.05.
This copper prediction for tomorrow follows a Thursday, 22 October 2026 session in which copper futures on MCX fell 1.83 percent, a second straight decline, after a sharp swing to a low of 1,335.60.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking copper and global cues ahead of the session tomorrow, which falls on Friday, 23 October 2026.
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What Thursday Told Us
- Copper traded at Rs 1,364.95 per kg, down 1.83 percent on the 30 October 2026 futures, with a high of 1,385.05 and a low of 1,335.60.
- Nifty 50 fell 0.54 percent.
- India VIX rose 0.96 percent to 15.83.
Copper Prediction for Tomorrow: Key Levels
Copper (30 October 2026 futures) traded between 1,335.60 and 1,385.05 on Thursday, against a previous close of 1,390.40, and settled at 1,364.95. On the downside, 1,335.60 is the first reference level to watch if the day’s move is tested. On the upside, 1,385.05 and 1,390.40 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Thursday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 1,335.60 | 1,385.05, 1,390.40 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 30 October 2026 contract.
For traders, this copper prediction for tomorrow is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Tomorrow
- Copper fell 1.83 percent on the MCX 30 October contract, with a high of 1,385.05 and a low of 1,335.60.
- The day’s range of about 49 rupees per kg was wide for copper, and the price recovered about 29 rupees from the low.
- Copper is widely read as a signal of industrial demand, and a fall of nearly 2 percent is a weak sign.
Anyone following this copper prediction for tomorrow should keep the next session’s opening range in view before reading too much into early moves.
What to Watch Alongside Copper
Hindalco Industries and Vedanta are the large metal stocks often linked to copper prices, though Nifty Metal fell only 0.52 percent on Thursday, a smaller fall than copper. Univest is not tracking a specific stock move beyond the index.
How Thursday’s Broader Session Unfolded
The Nifty 50 closed at 22,687.65, down 0.54 percent, with a high of 22,785.00 and a low of 22,554.85. The Sensex closed at 73,249.39, down 0.62 percent, and the Bank Nifty closed at 54,925.70, down 0.09 percent. India VIX, the market’s fear gauge, rose 0.96 percent to 15.83, which keeps expected swings in the near term on the wider side. The Nifty 50 has now fallen about 2 percent from last Friday’s close of 23,146.15, with Thursday adding to Wednesday’s 0.34 percent decline. Nifty FMCG fell 1.41 percent and Nifty IT fell 1.05 percent, while Nifty Pharma rose 0.12 percent. The trigger for the broad fall was not independently confirmed.
Univest’s analysts suggest treating this copper prediction for tomorrow as a preparation note for Friday, 23 October 2026, rather than a signal that changes overnight.
Analyst View for Tomorrow
Kunal Singla suggests that copper needs to reclaim 1,385.05 before the tone improves, with 1,335.60 the support to watch.
Ankit Jaiswal flags that the wide intraday swing shows volatility is high, so traders should treat levels as wide zones rather than exact lines.
This copper prediction for tomorrow will be most useful when read alongside the support and resistance table above.
Why This Is Written for Tomorrow
This copper prediction for tomorrow is written after the close on Thursday, 22 October 2026, using Thursday’s closing data, for the next trading session on Friday, 23 October 2026. Treat it as a briefing to prepare for that session, not a live call that updates through the evening.
MCX futures trade into Thursday night, so global moves late on Thursday can shift Friday’s opening price.
A fair reading of this copper prediction for tomorrow is that Thursday’s data sets the context, while Friday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- A weaker global growth signal overnight could extend the fall.
- A firmer US Dollar Index typically weighs on base metals.
- A sharp rebound is possible after such a wide intraday swing.
Readers comparing views should note that this copper prediction for tomorrow draws only on Thursday’s closing numbers and the factors listed here.
As with any copper prediction for tomorrow, the opening minutes of Friday’s trade will confirm or challenge the levels discussed here.
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The copper prediction for tomorrow also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The copper prediction for tomorrow leans cautious into 23 October 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Friday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the copper prediction for tomorrow?
Ans. It is cautious for 23 October 2026, after Copper traded at Rs 1,364.95 per kg on Thursday, down 1.83 percent.
Why is this a prediction for tomorrow, 23 October 2026?
Ans. Because it is written after the close on Thursday, 22 October 2026, for the next regular trading session on Friday, 23 October 2026.
Why did copper fall on Thursday?
Ans. Copper fell 1.83 percent on the MCX 30 October contract. The specific reason was not independently confirmed.
What levels matter for copper tomorrow?
Ans. Thursday’s low of 1,335.60 is the nearest support below the price, while Thursday’s high of 1,385.05 and the previous close of 1,390.40 are the nearest resistance.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
