Copper Price Prediction for Tomorrow: MCX Levels and Outlook for 19 August 2026
- August 18, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Copper at Rs 1,373.80/kg (-0.68%) on 18 Aug 2026. High: Rs 1,384.45. Low: Rs 1,370. Support: Rs 1,368-1,370. Resistance: Rs 1,384.45.
Quick Answer
The copper price prediction for tomorrow, 19 August 2026, is sideways in a corrective phase. MCX Copper fell -0.68% to Rs 1,373.80/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 1,370). 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 -0.68% pullback on 18 August after MCX Copper surged 1.13% on 17 August. The contract opened at Rs 1,380, touched Rs 1,384.45, then sold to a low of Rs 1,370, settling at Rs 1,373.80. 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 18 August 2026
- MCX Copper (31 Aug): Settled at Rs 1,373.80/kg (-0.68%). Normal profit-taking after yesterday’s 1.13% surge in the copper price prediction for tomorrow cycle.
- Nifty Metal: Fell -0.61% on 18 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 1,370. 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 1,384.45 (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 1,384.45 targets Rs 1,400 in the copper price prediction for tomorrow.
Trend for 19 August 2026: Sideways (Corrective After 1.13% Surge)
Support: 1,368-1,370 | 1,355
Resistance: 1,384.45 | 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 19 August 2026
- MCX Aug crude expires 19 Aug — rollover to Sep mandatory for crude traders
- MCX commodity options expiry 24 Aug adds near-term volatility
- US EIA natural gas storage report (weekly) will be key for natural gas prices
- Q1 FY27 results continue; company updates may affect commodity-linked equity stocks
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 19 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 1,384.45 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 the copper price outlook for 19 August is corrective but not bearish. The -0.68% 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 tomorrow’s MCX copper price forecast.
Kunal Singla observes that RSI correcting from overbought to neutral (~52) is actually a positive development for the Wednesday’s copper price outlook. This normalisation creates a healthier base for the next leg up. As long as MCX Copper holds Rs 1,368, the the 19 August copper price outlook stays in a dip-buying mode.
Risks to the MCX copper price forecast for tomorrow
- A break below Rs 1,368 in the copper price’s 19 August outlook signals a deeper correction toward Rs 1,355
- Continued Nifty Metal weakness or a sharp China PMI miss could accelerate the the copper price outlook for 19 August decline
- Profit-taking from Hindustan Copper’s 8.24% equity surge may amplify copper selling pressure in the tomorrow’s MCX copper price forecast
- US dollar strength overnight would compress MCX copper prices in the Wednesday’s copper price outlook
Download the Univest iOS App or Univest Android App to track live MCX copper prices and get expert copper price predictions.
Conclusion
The the 19 August copper price outlook, 19 August 2026, is sideways in a healthy corrective phase. MCX Copper settled at Rs 1,373.80/kg (-0.68%) on 18 August after yesterday’s 1.13% surge. Ankit Jaiswal’s the MCX copper price forecast for tomorrow places support at Rs 1,368 and resistance at Rs 1,384.45.
Monitor the Rs 1,368 support as the key reference for the copper price’s 19 August outlook. 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 the copper price outlook for 19 August, 19 August 2026?
Ans. The tomorrow’s MCX copper price forecast is sideways in a corrective phase. MCX Copper fell -0.68% to Rs 1,373.80/kg on 18 August after yesterday’s 1.13% surge. Support at Rs 1,368, resistance at Rs 1,384.45. Ankit Jaiswal notes this is a normal correction in the Wednesday’s copper price outlook.
Why did MCX copper fall on 18 August?
Ans. MCX Copper fell -0.68% on 18 August due to profit-taking after yesterday’s 1.13% surge and broader Nifty Metal weakness (-0.61%). Ankit Jaiswal notes this is corrective, not a reversal, in the the 19 August copper price outlook.
What are MCX copper support levels for 19 August 2026?
Ans. The the MCX copper price forecast for tomorrow places immediate support at Rs 1,368 to 1,370 (near today’s low Rs 1,370) and strong support at Rs 1,355. Resistance is at Rs 1,384.45 and Rs 1,400.
Is the copper price’s 19 August outlook a buying opportunity?
Ans. Kunal Singla notes that RSI correcting from overbought to neutral (~52) in the the copper price outlook for 19 August is a healthy sign, creating a dip-buying opportunity near Rs 1,368 support if it holds.
What is the copper trading strategy for 19 August 2026?
Ans. For the tomorrow’s MCX copper price forecast, Ankit Jaiswal recommends buying near Rs 1,368 with stop below Rs 1,355. A recovery above Rs 1,384.45 targets Rs 1,400. Monitor Hindustan Copper equity as the confirming indicator.
