Copper Price Prediction for Tomorrow: MCX Levels and Outlook for 20 August 2026
- August 19, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Copper at Rs 1,361.80/kg (-0.49%) on 18 Aug 2026. High: Rs 1,370.35. Low: Rs 1,358.90. Support: Rs 1,368-1,370. Resistance: Rs 1,370.35.
Quick Answer
The copper price prediction for tomorrow, 20 August 2026, is sideways in a corrective phase. MCX Copper fell -0.49% to Rs 1,361.80/kg on 18 August after yesterday’s exceptional 1.13% surge. Ankit Jaiswal notes that this is a normal profit-taking correction with support at Rs 1,368 to 1,370 (near today’s low of Rs 1,358.90). Kunal Singla adds that RSI correcting from overbought to neutral (52) is a healthy development for the copper price prediction for tomorrow.
The copper price prediction for tomorrow follows a -0.49% pullback on 18 August after MCX Copper surged 1.13% on 17 August. The contract opened at Rs 1,367.50, touched Rs 1,370.35, then sold to a low of Rs 1,358.90, settling at Rs 1,361.80. Ankit Jaiswal, Research Analyst at Univest, notes this corrective session is consistent with normal post-surge profit-taking in the copper price prediction for tomorrow cycle.
Kunal Singla, Research Analyst at Univest, observes that the copper price prediction for tomorrow benefits from underlying demand drivers: India’s infrastructure push and China’s construction sector. RSI correcting from overbought (above 65 yesterday) to neutral (52 to 55 today) creates a healthier base for the next leg up in the copper price prediction for tomorrow. LME copper above $9,500/tonne remains the key international support for the copper price prediction for tomorrow.
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Today’s Market Recap: Copper on 19 August 2026
- MCX Copper (31 Aug): Settled at Rs 1,361.80/kg (-0.49%). Normal profit-taking after Monday’s 1.13% surge in the copper price prediction for tomorrow cycle.
- Nifty Metal: Fell -0.02% on 19 August, confirming broad base metal profit-taking that drove the copper price prediction for tomorrow lower.
- Hindustan Copper: After yesterday’s extraordinary 8.24% equity surge, profit-taking today is expected and signals normalisation in the copper price prediction for tomorrow.
Copper Price Prediction for Tomorrow: Technical Analysis
Ankit Jaiswal’s copper price prediction for tomorrow identifies Rs 1,368 to 1,370 as critical support, near today’s low of Rs 1,358.90. A hold above Rs 1,368 in the copper price prediction for tomorrow suggests the correction is healthy rather than a reversal. A break below targets Rs 1,355.
Resistance at Rs 1,370.35 (today’s high) is the first hurdle in the copper price prediction for tomorrow. Kunal Singla notes that RSI at 52 to 55 is a healthy neutral reading, removing overbought conditions. A recovery above Rs 1,370.35 targets Rs 1,400 in the copper price prediction for tomorrow.
Trend for 20 August 2026: Sideways (Corrective After 1.13% Surge)
Support: 1,368-1,370 | 1,355
Resistance: 1,370.35 | 1,400
Global Cues for Copper Price Prediction for Tomorrow
- US Markets (14 Aug close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
- Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
- Institutional Flows (14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.
Key Events for 20 August 2026
- MCX Aug crude contract expired today (19 Aug) — Sep contract (Rs 8,162) is the reference for 20 August predictions
- MCX commodity options expiry on 24 August adds near-term volatility to all contracts
- US EIA natural gas storage report (weekly) remains the key fundamental driver for natural gas prices
- Thursday (20 August) is Nifty and Bank Nifty weekly options expiry day — elevated cross-asset volatility expected
Stocks Linked to Copper Price Prediction for Tomorrow
| Name | CMP (Rs) | Day Change | Key Level for Tomorrow |
|---|---|---|---|
| Hindustan Copper | 560 | Profit-taking | Support: 545 | Resistance: 575 |
| Hindalco | 670 | -0.60% | Support: 660 | Resistance: 685 |
| Tata Steel | 940 | -0.60% | Support: 928 | Resistance: 955 |
Explore Copper-Linked Stocks on Univest Screener
Trading Strategy for Copper on 20 August 2026
- Buy MCX Copper near Rs 1,368 to 1,370 support with stop below Rs 1,355 for the copper price prediction for tomorrow
- A recovery above Rs 1,370.35 in the copper price prediction for tomorrow targets Rs 1,400; trail stop at Rs 1,372
- RSI at 52 to 55 signals a dip-buying opportunity rather than a short in the copper price prediction for tomorrow
- Monitor Hindustan Copper equity above Rs 545 as confirming signal for the copper price prediction for tomorrow support
What Does Sentiment Indicate for Copper Price Prediction for Tomorrow?
Sentiment for the copper price prediction for tomorrow is corrective but not bearish. The -0.49% decline follows a 1.13% surge and is a normal profit-taking session. Ankit Jaiswal notes underlying demand drivers (India infrastructure, China construction) remain intact for the the copper price outlook for 19 August.
Kunal Singla observes that RSI correcting from overbought to neutral (52) is actually a positive development for the tomorrow’s MCX copper price forecast. This normalisation creates a healthier base for the next leg up. As long as MCX Copper holds Rs 1,368, the Wednesday’s copper price outlook stays in a dip-buying mode.
Risks to the 19 August copper price outlook
- A break below Rs 1,368 in the the MCX copper price forecast for tomorrow signals a deeper correction toward Rs 1,355
- Continued Nifty Metal weakness or a sharp China PMI miss could accelerate the copper price’s 19 August outlook decline
- Profit-taking from Hindustan Copper’s 8.24% equity surge may amplify copper selling pressure in the the copper price outlook for 19 August
- US dollar strength overnight would compress MCX copper prices in the tomorrow’s MCX copper price forecast
Download the Univest iOS App or Univest Android App to track live MCX copper prices and get expert copper price predictions.
Conclusion
The Wednesday’s copper price outlook, 20 August 2026, is sideways in a healthy corrective phase. MCX Copper settled at Rs 1,361.80/kg (-0.49%) on 18 August after Monday’s 1.13% surge. Ankit Jaiswal’s the 19 August copper price outlook places support at Rs 1,368 and resistance at Rs 1,370.35.
Monitor the Rs 1,368 support as the key reference for the the MCX copper price forecast for tomorrow. Download the Univest app for live MCX copper prices and expert research.
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
What is the copper price’s 19 August outlook, 20 August 2026?
Ans. The the copper price outlook for 19 August is sideways in a corrective phase. MCX Copper fell -0.49% to Rs 1,361.80/kg on 18 August after Monday’s 1.13% surge. Support at Rs 1,368, resistance at Rs 1,370.35. Ankit Jaiswal notes this is a normal correction in the tomorrow’s MCX copper price forecast.
Why did MCX copper fall on 18 August?
Ans. MCX Copper fell -0.49% on 18 August due to profit-taking after Monday’s 1.13% surge and broader Nifty Metal weakness (-0.02%). Ankit Jaiswal notes this is corrective, not a reversal, in the Wednesday’s copper price outlook.
What are MCX copper support levels for 20 August 2026?
Ans. The the 19 August copper price outlook places immediate support at Rs 1,368 to 1,370 (near today’s low Rs 1,358.90) and strong support at Rs 1,355. Resistance is at Rs 1,370.35 and Rs 1,400.
Is the the MCX copper price forecast for tomorrow a buying opportunity?
Ans. Kunal Singla notes that RSI correcting from overbought to neutral (52) in the copper price’s 19 August outlook is a healthy sign, creating a dip-buying opportunity near Rs 1,368 support if it holds.
What is the copper trading strategy for 20 August 2026?
Ans. For the the copper price outlook for 19 August, Ankit Jaiswal recommends buying near Rs 1,368 with stop below Rs 1,355. A recovery above Rs 1,370.35 targets Rs 1,400. Monitor Hindustan Copper equity as the confirming indicator.
