Copper Price Prediction for Monday: Copper Recovers Above Rs 1,384 for 24 August 2026
- August 21, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Copper (31 Aug) at Rs 1,384.15/kg (+0.91%) on 21 Aug 2026. High: Rs 1,386.00. Low: Rs 1,375.50. Support: Rs 1,375. Resistance: Rs 1,386.00.
Quick Answer
The copper price prediction for Monday is sideways to mildly bullish. MCX Copper (31 Aug) closed at Rs 1,384.15/kg (+0.91%) on Friday 21 August, recovering alongside the broader commodity rally that saw all six MCX commodities gain on Friday. Ankit Jaiswal’s copper price prediction for Monday places support at Rs 1,375 to 1,377 and resistance at Rs 1,386.00.
The copper price prediction for Monday follows a Friday session where MCX Copper opened at Rs 1,376.95, reached Rs 1,386.00, and settled at Rs 1,384.15. Ankit Jaiswal, Research Analyst at Univest, notes that the copper price prediction for Monday reflects improving global industrial sentiment — Nifty Metal gained 0.86% on Friday, Hindustan Copper rose 0.90%, and MCX Copper’s 0.91% gain confirms this sector-level positive momentum heading into Monday.
Kunal Singla, Research Analyst at Univest, observes that the copper price prediction for Monday benefits from the broader commodity rally: gold breaching Rs 1,60,000, silver gaining 1.27%, and crude oil rising 0.61% all signal risk-on commodity sentiment that typically extends to base metals like copper. The Monday MCX Copper 24 Aug options expiry adds intraday volatility to the copper price prediction for Monday, with the Rs 1,400 call seeing heavy volume on Friday.
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Today’s Market Recap: Copper on 21 August 2026
Copper Price Prediction for Monday: Technical Analysis
Ankit Jaiswal’s copper price prediction for Monday identifies Rs 1,375 to 1,377 as the immediate support (near Friday’s low of Rs 1,375.50). A hold above Rs 1,375 in the copper price prediction for Monday confirms buyers are active at lower levels. Resistance in the copper price prediction for Monday stands at Rs 1,386.00, with a break above targeting Rs 1,392 to 1,395.
Trend for Monday 24 August 2026: Sideways to Mildly Bullish
Support: Rs 1,375 to 1,377 | Rs 1,364
Resistance: Rs 1,386.00 | Rs 1,392 to 1,395
Global Cues for Copper Prediction for Monday
- COMEX Overnight: COMEX gold and silver levels Monday morning are the primary pre-open cue for MCX precious metals on Monday. Watch spot gold above $3,400/oz and silver above $30.50/oz.
- Iran-Strait of Hormuz: Ongoing supply risk remains the dominant crude oil and commodity driver for Monday. Any weekend escalation or resolution will be the primary opening catalyst.
- US Dollar Index: A weaker DXY heading into Monday would support precious metals and commodities across the board on Monday.
Key Events for Monday 24 August 2026
- MCX Silver Mini and Copper 24 Aug options expire Monday 24 August — elevated intraday volatility expected in early Monday trade
- COMEX levels Monday morning set the MCX precious metal opening for Monday
- Iran-Strait of Hormuz weekend news is the primary catalyst for crude oil and energy commodities on Monday
- US EIA natural gas report and OPEC+ communications over the weekend will shape the energy complex on Monday
Stocks Linked to Copper Prediction for Monday
| Stock | 21 Aug Close (Rs) | Change | Key Level for Monday |
|---|---|---|---|
| Hindalco Industries | 687 | +0.75% | Support: 680 | Resistance: 695 |
| Hindustan Copper | 568 | +0.90% | Support: 561 | Resistance: 575 |
| Tata Steel | 154 | +0.80% | Support: 152 | Resistance: 156 |
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Strategy for Copper on Monday 24 August 2026
- Buy MCX Copper near Rs 1,375 with stop below Rs 1,364 targeting Rs 1,386.00 in the copper price prediction for Monday
- A break above Rs 1,386 targets Rs 1,392 to 1,395 in the copper price prediction for Monday; MCX 24 Aug options expire Monday
- Watch Hindustan Copper and Hindalco as leading equity signals for the copper price prediction for Monday
- Check COMEX copper overnight for the global base metal sentiment confirmation in the copper price prediction for Monday
What Does Sentiment Indicate for Copper Prediction for Monday?
Sentiment for the copper price prediction for Monday is cautiously positive. Friday’s broad commodity rally — all six MCX commodities gaining — reflects risk-on sentiment that benefits base metals. Ankit Jaiswal notes that Nifty Metal’s 0.86% Friday gain is a strong equity-side validation of the copper price prediction for Monday.
Kunal Singla observes that Monday 24 August is also the MCX Copper 24 Aug options expiry, which will create intraday volatility in the copper price prediction for Monday. The Rs 1,400 call saw significant volume on Friday, indicating institutional positioning for a continued recovery in the copper price prediction for Monday.
Risks to Copper Prediction for Monday
- A sharp reversal in COMEX copper overnight would weaken the copper price prediction for Monday
- MCX Copper 24 Aug options expiry on Monday creates elevated intraday swings in the copper price outlook for 24 August
- China industrial production data released over the weekend could pressure the Monday’s MCX copper price forecast
- A broad commodity sell-off reversing Friday’s gains would pull the Wednesday’s copper price outlook toward support
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Conclusion
the 24 August copper price outlook, 24 August 2026, is sideways to mildly bullish. MCX Copper closed at Rs 1,384.15/kg (+0.91%) on 21 August. Ankit Jaiswal places support at Rs 1,375 and resistance at Rs 1,386.00.
Kunal Singla notes Monday 24 Aug MCX Copper options expiry adds intraday volatility — use defined stop-losses in the MCX copper price forecast for Monday. Download the Univest app for live MCX copper tracking.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.
Frequently Asked Questions on Copper Prediction for Monday
What is the copper price’s 21 August outlook, 24 August 2026?
Ans. the copper price outlook for 24 August is sideways to mildly bullish. MCX Copper closed at Rs 1,384.15/kg (+0.91%) on 21 August. Ankit Jaiswal places support at Rs 1,375 and resistance at Rs 1,386.00 for the Monday’s MCX copper price forecast.
What are MCX copper levels for Monday?
Ans. Support at Rs 1,375 to 1,377 and strong support at Rs 1,364. Resistance at Rs 1,386.00 and Rs 1,392 to 1,395 in the Wednesday’s copper price outlook.
Does MCX options expiry affect the 24 August copper price outlook?
Ans. Yes, MCX Copper 24 Aug options expire Monday, adding intraday volatility. Ankit Jaiswal recommends using futures for directional the MCX copper price forecast for Monday trades.
What equity stocks reflect the copper price’s 21 August outlook?
Ans. Hindustan Copper (+0.90% on 21 Aug) and Hindalco (+0.75%) are the primary equity proxies for the copper price outlook for 24 August. Watch these for sector-level confirmation.
What is the copper trading strategy for Monday?
Ans. Buy MCX Copper near Rs 1,375 with stop below Rs 1,364 targeting Rs 1,386.00 in the Monday’s MCX copper price forecast. A break above Rs 1,386 targets Rs 1,392.
