Copper Price Predicted Sideways to Mildly Bullish for Monday

The copper price prediction for Monday is sideways to mildly bullish, according to Ankit Jaiswal's analysis. MCX Copper (31 Aug) closed at Rs 1,384.15/kg on Friday, August 21st, with a 0.91% gain.

This recovery follows the broader commodity rally that saw all six MCX commodities gain on Friday. Kunal Singla notes that the copper price prediction benefits from this risk-on sentiment, which typically extends to base metals like copper.

Looking at technical analysis, Ankit Jaiswal places support at Rs 1,375 and resistance at Rs 1,386.00 for Monday's MCX copper price forecast. A break above Rs 1,386 targets Rs 1,392 to 1,395.