Copper Prediction for Tomorrow, Thursday 9 July 2026: MCX Copper 31 July futures at Rs 1,263.30 as Buyers Defend Support
- July 8, 2026
- Posted by: Kunal Singla
- Category: News
Copper prediction for tomorrow, Thursday 9 July 2026: MCX Copper 31 July futures Rs 1,263.30 per kg, -1.00%. Day range Rs 1,260.00 to Rs 1,281.85. Support Rs 1,260. Resistance Rs 1,282.
The copper prediction for tomorrow, Thursday 9 July 2026, is anchored by today’s MCX session, where the MCX Copper 31 July futures contract fell as a broad based risk off move across equities and metals pulled the contract lower alongside a firmer dollar. The contract traded at Rs 1,263.30 per kg, down 1.00 percent, within a day range of Rs 1,260.00 to Rs 1,281.85, and these boundaries frame the copper prediction for tomorrow.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have shared their copper prediction for tomorrow for Thursday 9 July 2026 using today’s closing data and global cues.
Click Here – Get Free Investment Predictions
Today’s Session Recap Behind the Copper Prediction for Tomorrow
- MCX session: MCX Copper 31 July futures at Rs 1,263.30 (-1.00 percent), open Rs 1,278.10, high Rs 1,281.85, low Rs 1,260.00 against a previous close of Rs 1,276.05. The domestic metals complex held up relatively well, with the Nifty Metal index falling just 0.91 percent versus a 2.12 percent fall in the Nifty 50.
- In the broader market, the Nifty 50 closed at 23,882.05, down 2.12 percent, the Sensex fell 2.15 percent to 76,503.60, and the Bank Nifty dropped 2.51 percent to 56,742.60 as a spike in crude oil prices on Strait of Hormuz tensions and overnight weakness in US technology stocks triggered a broad based selloff. HDFC Bank fell 2.29 percent and ICICI Bank dropped 2.41 percent, while Reliance Industries declined 2.48 percent even as crude oil itself rallied sharply. India VIX surged 24.81 percent to 14.54, and FIIs bought Rs 1,355.33 crore in Friday’s cash session against DII selling of Rs 1,953.89 crore; more recent figures are awaited.
Key Levels in the Copper Prediction for Tomorrow
Trend: Bearish bias below resistance. Support levels: Rs 1,260 and Rs 1,250. Resistance levels: Rs 1,282 and Rs 1,295.
For the copper prediction for tomorrow, today’s low of Rs 1,260.00 makes Rs 1,260 the first support, with Rs 1,250 below it. On the upside, Rs 1,282 near today’s high is the immediate barrier; a sustained move past it opens Rs 1,295. MCX contracts trade into the late evening, so international cues after tonight’s US session can reset these levels before tomorrow’s day session.
Key Drivers Shaping the Copper Prediction for Tomorrow
- Risk off spillover: A sharp selloff in Indian and global equities today weighed on industrial metal sentiment, with copper tracking the broader risk aversion.
- Dollar strength: A firmer dollar, typical during risk off sessions, makes dollar priced metals costlier and pressured copper today.
- Domestic equity weakness: The Nifty Metal index fell 0.91 percent today, though it was among the more resilient sectors relative to the broader market crash.
MCX Data Snapshot
The table below summarises the MCX data behind the copper prediction for tomorrow:
| Contract | Level | Change | Day Range |
|---|---|---|---|
| MCX Copper 31 July futures | Rs 1,263.30 per kg | -1.00% | Rs 1,260.00 – 1,281.85 |
| MCX Copper 31 August futures | Rs 1,279.50 per kg | Next month carry | Term structure reference |
The premium or discount between the July and next month contracts reflects carry costs and demand expectations, and is worth tracking alongside the spot trend.
Explore SEBI Registered Investment Advisory on Univest
Trading Strategy for Tuesday
- Trade the range edges: Entries near Rs 1,260 support or on a confirmed break of Rs 1,282 offer defined risk setups.
- Keep stops beyond the day range: Today’s Rs 1,260.00 to Rs 1,281.85 band is the reference; positions against a break of it should be exited quickly.
- Mind the evening session: International cues after tonight’s US session can gap prices; avoid oversized overnight positions given today’s elevated volatility.
- Size for volatility: Commodity futures are margin traded; smaller positions with strict stop losses handle event driven swings better.
What Does Sentiment Indicate for the Copper Prediction for Tomorrow?
Sentiment in the copper prediction for tomorrow follows the price structure. Ankit Jaiswal notes that today’s session respected clear boundaries, and holding Rs 1,260 keeps the near term structure intact for tomorrow.
Kunal Singla observes that with Wall Street’s next session still ahead, the dollar index and global benchmark moves overnight are the deciding external inputs, and traders should let the first hour of Tuesday’s session confirm direction before committing.
Risks to the Copper Prediction for Tomorrow
- US session gap: Tonight’s dollar and yield prints can gap MCX prices beyond stated levels given today’s volatility.
- Global headline risk: Supply side or geopolitical headlines can override technical levels without warning.
- Evening session moves: Late session international volatility may reset Tuesday’s opening context.
- Margin risk: Futures losses can exceed initial margins if stops are not maintained.
Download the Univest iOS App or Univest Android App to track live MCX prices and get daily commodity predictions.
Conclusion: Copper Prediction for Tomorrow
The copper prediction for tomorrow, Thursday 9 July 2026, from Univest analysts Ankit Jaiswal and Kunal Singla is defined by the Rs 1,260 to Rs 1,282 band. MCX Copper 31 July futures at Rs 1,263.30 per kg holds a soft bias while below resistance, with Rs 1,250 and Rs 1,295 as the outer markers. Tonight’s US session is the key external trigger. Check back after Tuesday’s session for the next copper prediction update from Univest analysts.
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, Thursday 9 July 2026?
Ans. The copper prediction for tomorrow, Thursday 9 July 2026, is range bound with a soft bias. MCX Copper 31 July futures closed at Rs 1,263.30 per kg today, down 1.00 percent, with support at Rs 1,260 and Rs 1,250 and resistance at Rs 1,282 and Rs 1,295.
What are the key MCX levels in the copper prediction for tomorrow?
Ans. For the copper prediction for tomorrow, immediate support is at Rs 1,260, near today’s low of Rs 1,260.00, followed by Rs 1,250. Resistance sits at Rs 1,282, near today’s high of Rs 1,281.85, and then Rs 1,295.
What drove today’s move in copper prices?
Ans. The MCX Copper 31 July futures contract fell as a broad based risk off move across equities and metals pulled the contract lower alongside a firmer dollar, ending at Rs 1,263.30 per kg, a change of -1.00 percent from the previous close of Rs 1,276.05.
How do global cues affect the copper prediction for tomorrow?
Ans. Tonight’s US session brings fresh dollar index, yield and global benchmark readings following today’s sharp moves. These are primary external inputs for the copper prediction for tomorrow and can gap MCX prices before tomorrow’s day session.
Which contract months matter for the copper prediction for tomorrow?
Ans. The active contract is the MCX Copper 31 July futures at Rs 1,263.30, while the MCX Copper 31 August futures at Rs 1,279.50 shows the carry structure. Traders roll positions to the next month as expiry approaches.
Is the copper prediction for tomorrow investment advice?
Ans. No. The copper prediction for tomorrow is educational content only. All levels are analyst observations, not recommendations. Univest is a SEBI registered research analyst (INH000013776) and readers should consult a SEBI registered advisor before trading commodities.
