Copper Prediction for Tomorrow | MCX Copper Levels 23 June 2026

The copper prediction for tomorrow for 23 June 2026 centres on MCX Copper July Futures closing at Rs 1,338.45 per kg on 22 June 2026, a move of +11.05 (+0.83%) from the previous close of Rs 1,327.40. Copper rose on improving global manufacturing demand expectations and China stimulus signals. The broader Nifty 50 closed at 24,102.90 (+0.37%), with commodity markets tracking global cues from Iran-US talks in Switzerland.

Ankit Jaiswal, Senior Research Analyst at Univest, has analysed today's MCX Copper price action, global cues, and F&O data to present the copper prediction for tomorrow. Kunal Singla provides the macro and institutional flow context for Tuesday's MCX session.

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Copper Prediction for Tomorrow: Today's MCX Close

• MCX Close: MCX Copper July Futures settled at Rs 1,338.45 per kg on 22 June 2026, moving +11.05 (+0.83%) from Rs 1,327.40. Copper gained modestly driven by positive global demand sentiment and LME inventory drawdown.
• International Cue: LME Copper traded at $9,420/tonne (+0.7%) in global markets. Overnight movement in LME Copper will be the primary cue for the copper prediction for tomorrow.
• Market Context: Iran-US talks in Switzerland and elevated India VIX at 27.32 are the two swing factors shaping the copper prediction for tomorrow heading into Tuesday's MCX session.

Copper Prediction for Tomorrow: Key MCX Levels

Trend: Bullish | Range: Rs 1,320 to Rs 1,350 per kg

Level	Copper (MCX)
Support 1	1,320
Support 2	1,308
Resistance 1	1,350
Resistance 2	1,362

The copper prediction for tomorrow from Ankit Jaiswal places Rs 1,320 per kg as the immediate MCX support for Tuesday. A hold above this level keeps the near-term bias constructive and targets Rs 1,350 as the first resistance. A sustained break above Rs 1,350 with volume would open the path toward Rs 1,362. Jaiswal notes that MCX Copper expiry is on 31 July 2026, so Tuesday's session will see pre-expiry positioning influence price action.

MCX F&O Analysis for Copper Prediction for Tomorrow

• Contract and Expiry: The active MCX Copper contract (Copper July Futures) expires on 31 July 2026. The copper prediction for tomorrow includes pre-expiry positioning as a key intraday driver for Tuesday.
• OI Trend: Open interest trends in MCX Copper heading into expiry will signal whether large participants are adding to or trimming positions ahead of 23 June 2026.
• Margin and Lot Size: MCX Copper traders should review margin requirements heading into 23 June 2026, as VIX at 27.32 and expiry week can widen intraday swings significantly.

Global Cues for Copper Prediction for Tomorrow

• LME Copper: At $9,420/tonne (+0.7%), the international benchmark is the primary overnight cue for the copper prediction for tomorrow. Any sharp move after Indian market hours will directly set the MCX opening price for 23 June 2026.
• Iran-US Talks: Day 2 of Switzerland negotiations directly impacts the copper prediction for tomorrow via currency, crude, and risk sentiment channels. A deal would boost risk appetite; a breakdown revives safe-haven and energy price volatility.
• Dollar Index (DXY): A stronger dollar typically pressures commodity prices in INR terms. Monitor DXY overnight as it shapes the copper prediction for tomorrow opening gap on Tuesday.

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MCX Trading Strategy: Copper Prediction for Tomorrow

1. Buy Setup: The copper prediction for tomorrow suggests buying near Rs 1,320 per kg with stop at Rs 1,308 and target Rs 1,350. Confirm with overnight international price direction before entry.
2. Sell Setup: A break below Rs 1,320 on volume validates a short in the copper prediction for tomorrow with target Rs 1,308 and stop above Rs 1,350.
3. Avoid Illiquid Hours: MCX Copper volatility peaks at the opening (9:00 AM) and near expiry. The copper prediction for tomorrow advises avoiding trades in the first 15 minutes.
4. Hedge Against Volatility: Given VIX at 27.32, use options strategies or smaller lot sizes to manage risk in the copper prediction for tomorrow environment for Tuesday.

What Data Indicates for Copper Prediction for Tomorrow

The copper prediction for tomorrow is shaped by three signals: MCX Copper closing above the previous session at Rs 1,338.45 per kg, the international benchmark LME Copper at $9,420/tonne (+0.7%), and Iran-US talks as the key binary event overnight.

Ankit Jaiswal notes that the copper prediction for tomorrow carries elevated expiry-week risk as the active Copper July Futures approaches its 31 July 2026 settlement. Pre-expiry OI unwinding can create sharp intraday moves that temporarily breach the support and resistance levels in the copper prediction for tomorrow.

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Risks to Copper Prediction for Tomorrow

• Copper: A sharp global risk-off event overnight would reverse copper gains quickly, pushing below Rs 1,320 support
• Iran-US Breakdown: A collapse in Switzerland negotiations would sharply spike volatility across commodity markets, potentially invalidating the copper prediction for tomorrow technical levels.
• Dollar Spike: A sharp DXY surge overnight would put pressure on rupee-denominated MCX commodity prices, creating a gap-down risk for the copper prediction for tomorrow on Tuesday opening.
• Pre-Expiry Volatility: As Copper July Futures approaches 31 July 2026, pre-expiry OI unwinding can create sudden directional moves that override the copper prediction for tomorrow technical picture.

Conclusion

In summary, the copper prediction for tomorrow on 23 June 2026 is cautiously bullish with MCX support at Rs 1,320 and resistance at Rs 1,350 per kg. Ankit Jaiswal places the copper prediction for tomorrow in the context of Iran-US talk progress and elevated VIX at 27.32. A positive overnight global cue from LME Copper and an Iran deal would support the copper prediction for tomorrow above Rs 1,320.

This MCX copper Tuesday view is based on MCX market data as of close of trade on 22 June 2026. Track LME Copper overnight and check MCX opening cues before placing positions in the MCX copper Tuesday view for Tuesday.

FAQs

What is the MCX copper Tuesday view?

Ans. The MCX copper Tuesday view for 23 June 2026 shows MCX Copper at Rs 1,338.45 per kg on 22 June 2026 (+11.05, +0.83%). Support is Rs 1,320 and resistance Rs 1,350 per kg. International benchmark LME Copper at $9,420/tonne is the primary overnight cue.

What is the MCX Copper support and resistance for 23 June 2026?

Ans. The MCX copper Tuesday view places MCX Copper support at Rs 1,320 and Rs 1,308 per kg for 23 June 2026. Resistance levels are Rs 1,350 and Rs 1,362 per kg. A break above Rs 1,350 would signal a bullish breakout in the MCX copper Tuesday view for Tuesday.

How do Iran-US talks affect the MCX copper Tuesday view?

Ans. Iran-US negotiations in Switzerland directly impact the MCX copper Tuesday view via crude oil, currency, and risk sentiment channels. A deal would boost the MCX copper Tuesday view via improved market sentiment; a breakdown would revive commodity price volatility.

What is the MCX Copper expiry date?

Ans. The active MCX Copper contract (Copper July Futures) expires on 31 July 2026. The MCX copper Tuesday view includes pre-expiry OI unwinding as a key intraday driver for Tuesday. Monitor OI trends heading into expiry for directional confirmation.

What is the trading strategy from the MCX copper Tuesday view?

Ans. The MCX copper Tuesday view suggests buying near Rs 1,320 per kg with stop at Rs 1,308 and target Rs 1,350. Below Rs 1,320, the MCX copper Tuesday view turns bearish with target Rs 1,308. Use smaller lot sizes given VIX at 27.32 and expiry-week volatility.