MCX Copper Live Price Today


Here is the latest mcx copper live price analysis and charts.

MCX Copper Live Price as on 22/09/21

Last Price

Open

High

Low

P.Close

Volume

695.40

699.60

712.35

699.60

695.40

721.00

On the MCX, Copper futures price change is about 1.91% to previous day close 695.40. The total volume of shares traded is 721.00.

Over the last one week copper price change is about -2.43%. Over the last 30 days, the price change is about -2.81%.

MCX Copper Live Price Chart


MCX Copper Trading System 1 :

MCX Copper Live Price Chart

How to Trade the MCX Copper Intraday Signals Live Price Chart

BUY Trade Entry

Green up arrow & candle stick must trade above the yellow trend line.

BUY Trade Exit

Trail Stop-loss as per green dotted lines or stop loss price given in text box or when a candle stick crosses below the yellow trend Line

SELL Trade Entry

Red Down arrow & candle stick must trade below the yellow trend line.

SELL Trade Exit

Trail Stop-loss as per red dotted lines or stop loss price given in text box or when a candle stick crosses above the yellow trend Line

We also expect the commodity copper futures to react on the above support and resistance levels for today.

*The below MCX Copper Live Price Charts are updated every 10 mins with auto refresh.

MCX Copper Trading System 2 :


MCX Copper

How to Trade the MCX Copper Multiple Super Trend Chart

BUY Trade Entry

When both super trend indicators are in uptrend. In other words two green stop loss lines below the candlestick.

BUY Trade Exit

When either of the super trend goes in downtrend.

SELL Trade Entry

When both super trend indicators are in downtrend. In other words two red stop loss lines above the candlestick

SELL Trade Exit

When either of the super trend goes in uptrend.

We have further improved the famous super trend strategy by using two different super trend indicators for generating trade call signals. The strategy increase profits by almost 70% by using two super trend indicators and also helps in exiting fast from the market when the trend is not intact.

Copper Price Technical Analysis


Quant's Today Trend score for MCX Copper is 1

* A trend score of greater than 5 signals that the commodity is bullish for the day while trend score of less than 2 signals bearish trend*

Indicator

Value

Signal

RSI

RSI is 48.43

Neutral

MACD

MACD : -2.64

Signal Line : -2.27

Bearish

Stochastic

%D is 35.2

%K is 46.87

Bullish

MFI

57.06

Neutral

Aroon

0

Bearish

Bollinger Band

BBTop is 736.01

BBBot is 699.33

Neutral

Simple Moving Average Short Term

SMA(15) is 717.72

Bearish

Simple Moving Average Mid Term

SMA(45) 724.48

Bearish

Simple Moving Average Long Term

SMA(100) 734.5

Bearish

MCX Copper Interactive Real Time 5 Mins Intraday Chart


MCX Copper Overview


Copper is a soft, pliable and malleable metal. It is shiny and reddish-orange in appearance. It is the first metal used by humans thousands of years ago. It is known for its strength, flexibility, and high resistance to corrosion. These qualities of copper have made it the most preferred metal for electrical wiring in the buildings. It is the best conductor of electricity after silver.

Copper enjoys the status of “highly in demand” as it is the 3rd most consumed metal after aluminum and steel.

Copper is used in the following industries:

  • Building and Construction
  • Electrical and Electronics
  • Telecom
  • Railways
  • Roofing and Industrial machinery

Though it has extensive uses, it is still not viewed as currency, unlike gold and silver, and therefore it is not as expensive as precious metals.

Underground mines and recycled copper scrap are the principal sources of the global supply.

South America has the most considerable number of mines, and the highest production of refined copper comes from China.

The top miners of copper are:

  • Australia
  • Canada
  • Chile
  • China
  • Congo

As the global economy has grown and the need for infrastructure has risen, it has resulted in the increased demand.

The top consumers of copper are:

  1. China
  2. Russia
  3. The European Union
  4. The United States
  5. Japan

Factors affecting the price of copper

It has a wide variety of uses in various industries; its prices reflect the strength of the economy.

The following four factors are the primary determinant of its price:

  • Emerging Market: Emerging markets needs for housing, transportation, construction, and infrastructure grows at a fast pace, and it, in turn, pushes the demand for copper. As the demand increases, it further drives up the price. The slowdown in the economy hurts the price of the copper.
  • US Housing Market: It is highly used in electrical wiring, roofing, plumbing fixtures, and insulation in the housing industry in the US. Thus, the demand for housing in the US directly affects the demand for copper in the USS. 50% of the demand in the US comes from its housing market; therefore, investors should pay close attention to the trend in the US housing market to predict future copper prices.
  • Supply Disruptions: The factors affecting the supply of copper also affects its price. The political and environmental factors profoundly impact the costs of this base metal. The labor conditions and the political factors in the countries that are major suppliers of the copper play an essential role in determining the price. Events such as nationalizing the mining industry and labor strike lead to the disruption in the supply of it and thus push the prices high. Natural disasters such as earthquakes and landslides also slow down the output from mine. As the amount in the market reduces, it pushes the prices up and vice-versa.
  • Substitution: Aluminum substitutes copper in power cables, electrical, and refrigeration equipment. Iron, lead, and Nickel also are suitable substitutes for it in some industries. The ease of availability of these substitutes dramatically determines the prices of it.

Reasons to invest in copper:

  • Everlasting Demand: Due to its extensive usage in various industries, it is highly impossible to build infrastructure without copper. Therefore, the demand for it will last forever. It is one of the biggest reasons to invest in copper.
  • Supply-Demand Imbalance: There is always an excess demand for it as there is distortion in supply due to mining restrictions and other factors. The investors can take advantage of this imbalance in demand and supply by investing in copper.
  • Growing demand for housing: The need for it surges with the increase in demand for housing. The global housing demand is increasing at a fast pace as economies continue to grow. This growing demand for housing can be one of the reasons to invest in copper.
  • The risk of investing: No investment is free from risk, and the same applies to copper. The two main risks that is associated with the investment are:
  • Risk of the global recession: It will continue to be in demand until the economies continue to grow. However, if and when the recession will hit, the prices of copper will undoubtedly fall, and its demand will be severely affected.
  • Substitutes: It faces the risk of being substituted by other metals. In the scenario of recession, the buyers are likely to move from it to the other cheaper options available in the market, and this will, in turn, affects the prices of copper more.

Contract Specifications of Copper


Symbol

COPPER

Description

COPPERMMMYY

Contract Listing

Contracts are available as per the Contract Launch Calendar

Contract Start Day

1st day of contract launch month.

Last Trading Day

Last calendar day of the contract expiry month

Price Quote

Per kilogram

Lot size

1 metric ton

Tick Size

5 paise per kg

Profit/Loss made for every ₹ 1 change

Rs. 1000

Trading Period

Monday to Friday

Trading Timings

10.00 a.m. to 11.30/ 11.55 p.m

Commodity Group

Base Metals

Instrument Type

COMMODITY FUTURES

Initial Margin

Minimum 4% or based on SPAN whichever is higher.

Contract Launch Calendar


Contract Launch Months

Contract Expiry Months

July 2018

February 2019

September 2018

April 2019

December 2018

June 2019

March 2019

August 2019

May 2019

November 2019

* Contract Launch Calendar Source MCXINDIA https://www.mcxindia.com/home

MCX Copper Price History


Date

Price

Open

High

Low

Volume

23/09/21

715.3

709.25

717.2

708

8082

22/09/21

714.9

710

715

705

5264

21/09/21

697.4

703

709.15

688

6534

20/09/21

702.4

717.75

717.75

700.6

2848

17/09/21

719.6

724

730.75

718.35

1649

16/09/21

719.7

728.55

728.95

718

1032

15/09/21

733.2

724.45

735.75

722.7

702

14/09/21

721.9

727.6

728.65

718.7

628

13/09/21

728.8

739.95

746

723.75

879

10/09/21

739.25

723.2

743.5

723.2

541

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