Copper Price Prediction for Tomorrow: MCX Levels and Outlook for 18 August 2026

The copper price prediction for tomorrow has the red metal in strong bullish territory after MCX Copper settled at Rs 1,393.90 per kg on 17 August 2026, gaining Rs 15.60 or 1.13%. The day's intraday high of Rs 1,401.00 suggests that bulls are testing the key resistance level, making this a critical juncture for the copper price prediction for tomorrow. Ankit Jaiswal, Research Analyst at Univest, attributes the strength to improving global infrastructure demand expectations.

Kunal Singla, Research Analyst at Univest, notes that the copper price prediction for tomorrow is reinforced by the extraordinary performance of Hindustan Copper, which surged 8.24% to Rs 572.65 on 17 August. This kind of equity-side validation for an underlying commodity is an encouraging sign for the copper price prediction for tomorrow. Kunal Singla observes that the copper price prediction for tomorrow will depend on whether COMEX copper sustains above $4.40/lb overnight.

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Today's Market Recap: Copper on 17 August 2026

• MCX Copper (31 Aug): Settled at Rs 1,393.90/kg, up Rs 15.60 (+1.13%). Session high was Rs 1,401, low was Rs 1,389.10.
• Hindustan Copper equity: Surged 8.24% to Rs 572.65 on 17 August, providing strong equity-side validation for the copper price prediction for tomorrow.
• Nifty Metal index: Rose 1.26% on Monday, reflecting broad metal sector strength that supports the copper price prediction for tomorrow.

Technical Analysis for Copper Prediction for Tomorrow

Ankit Jaiswal's copper price prediction for tomorrow identifies Rs 1,380 as the first critical support. This level aligns with the 24 August options strike where significant put open interest exists. A hold above Rs 1,380 keeps the copper price prediction for tomorrow bullish. A break below Rs 1,380 could trigger selling toward Rs 1,370 in the copper price prediction for tomorrow.

On the upside, the copper price prediction for tomorrow places resistance at Rs 1,401, the session high. Kunal Singla notes that a decisive close above Rs 1,401 on 18 August would extend the copper price prediction for tomorrow target to Rs 1,415 to Rs 1,420. The 30-session high for MCX Copper is near Rs 1,410, making that zone a natural supply area in the copper price prediction for tomorrow.

Trend for 18 August 2026: Bullish
Support: Rs 1,380 | Rs 1,370
Resistance: Rs 1,401 | Rs 1,415

Global Cues Affecting Copper 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 18 August 2026

• MCX commodity options expiry for August contracts on 24 August 2026 approaches, increasing near-expiry volatility
• Global oil prices remain in focus amid ongoing Iran-Strait of Hormuz developments
• US Federal Reserve speakers scheduled this week may provide fresh clues on monetary policy direction
• Q1 FY27 corporate results season continues, with several mid and large-cap companies reporting on 18 August 2026

Related Instruments to Watch Tomorrow

Name	CMP (Rs)	Day Change	Key Level for Tomorrow
Hindustan Copper	572.65	+8.24%	Support: 555 | Resistance: 580
Hindalco	~680	+0.80%	Support: 670 | Resistance: 695
Tata Steel	~950	+1.20%	Support: 940 | Resistance: 965

Explore Metal and Mining Stocks on Univest Screener

Strategy for Copper on 18 August 2026

• Hold long MCX Copper positions above Rs 1,380 with a stop below Rs 1,368 for the copper price prediction for tomorrow
• A break above Rs 1,401 with follow-through buying can target Rs 1,415 in the copper price prediction for tomorrow
• Watch Hindustan Copper equity as a leading indicator: sustained trade above Rs 580 supports bullish copper price prediction for tomorrow
• Keep position sizes moderate as copper option strikes at Rs 1,400 can create resistance-driven volatility around the copper price prediction for tomorrow

What Does Sentiment Indicate for Copper Prediction for Tomorrow?

Sentiment for the the Copper outlook for 18 August is decidedly bullish. The combination of a 1.13% gain in MCX Copper and an 8.24% surge in Hindustan Copper equity signals strong institutional conviction. Ankit Jaiswal notes that the tomorrow's MCX Copper forecast is being driven by infrastructure demand expectations from both India and China, where government spending on power and construction keeps copper demand elevated.

Kunal Singla observes that the Tuesday's Copper price outlook is also supported by limited global supply growth. COMEX copper inventories have remained tight, and any improvement in Chinese manufacturing PMI would add further fuel to the the MCX Copper forecast. As long as MCX Copper holds Rs 1,380, the the 18 August Copper outlook stays in bullish territory for 18 August 2026.

Risks to Tomorrow's Prediction

• A sharp reversal in COMEX copper overnight driven by weak Chinese demand data would alter the Copper's price outlook for tomorrow
• Profit-taking after Hindustan Copper's 8.24% equity gain could dampen sentiment for the the Copper outlook for 18 August
• A US dollar strengthening on unexpected data could compress the tomorrow's MCX Copper forecast in INR terms
• Broader base metal sell-off driven by global recession fears could quickly reverse the Tuesday's Copper price outlook

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Conclusion

The the MCX Copper forecast, 18 August 2026, is bullish as MCX Copper closed at Rs 1,393.90 per kg with a 1.13% gain on Monday. Ankit Jaiswal's the 18 August Copper outlook places immediate support at Rs 1,380 and resistance at Rs 1,401. Kunal Singla notes that a close above Rs 1,401 on 18 August would extend the Copper's price outlook for tomorrow target to Rs 1,415.

Traders should monitor Hindustan Copper equity alongside MCX Copper for the the Copper outlook for 18 August, as the equity market provides real-time sentiment signals. Download the Univest app for live MCX copper prices and analyst research on the tomorrow's MCX Copper forecast.

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 Tuesday's Copper price outlook, 18 August 2026?

Ans. The the MCX Copper forecast is bullish. MCX Copper settled at Rs 1,393.90 per kg on 17 August (+1.13%), near its session high of Rs 1,401. Ankit Jaiswal's the 18 August Copper outlook targets Rs 1,401 resistance with support at Rs 1,380. Hindustan Copper's 8.24% equity surge validates the bullish Copper's price outlook for tomorrow.

What are the MCX copper support and resistance levels for 18 August 2026?

Ans. The the Copper outlook for 18 August places immediate support at Rs 1,380 and strong support at Rs 1,370. Resistance is at Rs 1,401 (Monday's high) and Rs 1,415. These levels define the trading range in the tomorrow's MCX Copper forecast according to Ankit Jaiswal and Kunal Singla.

Why did copper prices surge on 17 August 2026?

Ans. MCX Copper gained 1.13% on 17 August due to improving global infrastructure demand expectations and a bullish metals sector. Hindustan Copper surging 8.24% and Nifty Metal rising 1.26% both supported the Tuesday's Copper price outlook. Ankit Jaiswal notes that the underlying driver is steady demand from the construction and power sectors.

Which stocks should traders watch for the the MCX Copper forecast?

Ans. For the the 18 August Copper outlook, Hindustan Copper is the primary equity proxy. Hindalco and Tata Steel provide broader base metal signals. Ankit Jaiswal recommends watching Hindustan Copper above Rs 580 as a confirmation signal for the Copper's price outlook for tomorrow.

What is the trading strategy for the the Copper outlook for 18 August?

Ans. For the tomorrow's MCX Copper forecast, Ankit Jaiswal recommends holding MCX Copper longs above Rs 1,380 with a stop below Rs 1,368. Kunal Singla advises chasing a break above Rs 1,401 toward Rs 1,415. Note that option strike clustering at Rs 1,400 may cause brief resistance in the Tuesday's Copper price outlook.