Copper Price Prediction for Tomorrow 22 May 2026: MCX at Rs 1,351, Nvidia Beats and US PMI Today
- May 21, 2026
- Posted by: Neeraj Pandey
- Category: News
The copper price prediction for tomorrow on 22 May 2026 is cautiously positive after MCX copper closed at Rs 1,351.50 per kilogram on 20 May 2026, up Rs 13.90 or 1.04 per cent from the previous close, with Nasdaq surging 1.55 per cent to 26,270.36 on Nvidia’s confirmed Q1 FY27 earnings beat providing the global demand confidence signal for base metals. The copper price prediction for tomorrow is additionally supported by the Dow Jones crossing 50,000 and the Nikkei surging 3.43 per cent on 21 May, both confirmed by Enrich Money global markets data.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the copper price prediction for tomorrow benefits from the Nvidia data centre spending confirmation, as each hyperscaler server installation uses 2 to 4 kilometres of copper wiring. Kunal Singla, Associate Director at Univest, adds that the US University of Michigan inflation expectations data releasing on Friday 22 May is the primary risk event for the copper price prediction for tomorrow, since higher inflation expectations would strengthen the Dollar and pressure all base metals.
MCX Copper Reference Data: 20-21 May 2026
| Metric | Value (20-21 May 2026) | Signal for 22 May |
| MCX Copper June Close (20 May) | Rs 1,351.50/kg (+1.04%) | Strong close; above prior resistance |
| MCX Copper 21 May Open | Rs 1,332.05 | Early session slight pullback |
| MCX Copper 21 May (09:30 AM) | Rs 1,349.80 | Near prior close; supported |
| International Copper Futures | Rising on Nvidia/Dow 50K catalyst | Positive global demand signal |
| Nasdaq 21 May | 26,270.36 (+1.55%) | Tech capex demand for copper |
| Dow Jones 21 May | 50,009.35 (+1.31%) | Broad economic confidence |
| US PMI Data | Releasing 22 May (Friday) | Manufacturing demand catalyst |
| MCX Copper Support | Rs 1,320 per kg | First downside level |
| MCX Copper Resistance | Rs 1,385 per kg | Near-term ceiling |
Copper Price Prediction for Tomorrow: Key Drivers
- Nvidia Beat and Dow 50,000: Nasdaq gaining 1.55 per cent on Nvidia’s confirmed Q1 FY27 beat and the Dow Jones crossing 50,000 for the first time confirm that AI data centre spending is accelerating. This is the structural demand driver for copper in the copper price prediction for tomorrow.
- US PMI Manufacturing Data (22 May): The US May PMI manufacturing survey releases on Friday. A reading above 50 confirms manufacturing expansion and directly supports copper demand in the copper price prediction for tomorrow. A sub-50 reading would signal contraction and pressure copper toward Rs 1,320 support.
- MCX Copper Momentum (Two-Day Gain): MCX copper gained 1.04 per cent on 20 May after the sector positive trend confirmed by ICICI Direct’s 21 May session data showing metals positive for the second consecutive day. Two-day sector momentum confirms institutional buying interest in the copper price prediction for tomorrow.
- Dollar Strength Headwind: G-Sec yields at a 6-week high (Goodreturns, 21 May) and the hawkish FOMC stance continue to strengthen the US Dollar. Dollar strength creates an inverse headwind for all dollar-denominated base metals in the copper price prediction for tomorrow.
Trend: Cautiously Positive; Rs 1,320 Support, Rs 1,385 Resistance
MCX Copper Support 1: Rs 1,320 per kg
MCX Copper Resistance 1: Rs 1,385 per kg
MCX Copper Resistance 2: Rs 1,415 per kg
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Conclusion: Copper Price Prediction for Tomorrow 22 May 2026
The copper price prediction for tomorrow on 22 May 2026 is cautiously positive with MCX copper at Rs 1,351.50 per kilogram (20 May close, BusinessUpturn confirmed). Nvidia’s earnings beat, Dow Jones at 50,000 and two-day metals sector momentum are the three positive drivers. US PMI data today is the key risk catalyst. Support Rs 1,320, resistance Rs 1,385.
Disclaimer: This content is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered research analyst entity (Uniresearch Global Pvt Ltd, INH000012449). Commodity, F&O and equity investments are subject to market risk. Consult a SEBI-registered advisor before investing.
FAQs
What is the copper price prediction for tomorrow on 22 May 2026?
Ans. The copper price prediction for tomorrow is cautiously positive, with MCX copper closing at Rs 1,351.50 per kg on 20 May (+1.04%). Nvidia beat and Dow 50,000 support demand confidence. Support Rs 1,320, resistance Rs 1,385. US PMI today is the key risk.
What was MCX copper’s closing price on 20 May 2026?
Ans. MCX copper June futures closed at Rs 1,351.50 per kilogram on 20 May 2026, up Rs 13.90 or 1.04 per cent, as confirmed by BusinessUpturn MCX closing data. The session opened at Rs 1,332.05 and peaked at Rs 1,355.50.
How does Nvidia’s earnings beat affect copper tomorrow?
Ans. Nvidia’s Q1 FY27 beat drove Nasdaq up 1.55 per cent to 26,270.36 on 21 May, confirming that AI data centre construction is accelerating. Each hyperscaler server uses 2 to 4 km of copper wiring, making Nvidia’s guidance the most direct demand signal for copper in this prediction.
What are the MCX copper support and resistance levels for tomorrow?
Ans. MCX copper support for the copper price prediction for tomorrow is Rs 1,320 per kg. Resistance levels are Rs 1,385 (first) and Rs 1,415 (second). These are technical reference levels based on MCX June contract price action.
What is the US PMI impact on copper price prediction for tomorrow?
Ans. US May PMI manufacturing data releasing on Friday 22 May is the primary macro catalyst. A reading above 50 confirms manufacturing expansion and lifts copper. A sub-50 reading signals contraction and pressures copper toward Rs 1,320 support in the copper price prediction for tomorrow.
