MCX Copper Trend - Support and Resistance Levels


Overall MCX Copper Trend for today, tomorrow, current & next week and month

Last Update: 30-05-2023

Trend

Signal

Intraday

Down Trend

Short Term

Down Trend

Long Term

Down Trend

Below copper trend support, resistance and technical levels charts are updated between 9.15 to 9.30 am daily. You can make use of the below charts and price levels to make your own trading decisions. Weekly & Monthly support resistance levels are significant market turnaround reversal or breakout levels to look out for. We master in reversal and break out analysis. The daily, weekly, monthly support and resistance levels plotted below can be used for either exit-entry or entry-exit. These forecasts are valid from intraday to short term to long term.

MCX Copper Trend Today


MCX copper is currently in Down Trend for intraday. The below intraday analysis & price levels are calculated using commodityquant's advance pivot point formula and valid only for today's session​.

MCX Copper Trend

Intraday Copper Tips & Target for Today, MCX, India

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

715.67

713.63

716.69

717.96

720

Sell below

713.63

715.67

712.61

711.01

709.3

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

Intraday Copper Resistance Levels

Daily Resistance R1

Daily Resistance R2

Daily Resistance R3

717.15

720

722.5

Intraday Copper Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

711.8

709.3

706.45

Earnometer Copper


Below earnometer copper power levels & charts are based on a simple but most powerful concept, if the price breaks the yesterday, two days before or three days before high or low, it will most likely continue in the direction of the breakout. Below levels acts as powerful support & resistances as well, either breakout or reversal can happen on these levels. Kindly make use of the below charts to make your own trading decisions.

Earnometer Copper  Levels

Price

Three Days Before High

706.4

Two Days Before High

714

Yesterdays High

717.5

Pivot

714.65

Yesterdays Low

712.15

Two Days Before Low

704.05

Three Days Before High

695.8

Earnometer Copper Update:

Earnometer Copper

Important Copper Intraday Levels for today



​​​​Resistance Range

Price Levels

5MH

Five Month before High

738.2

4MH

Four Month before High

790.8

3MH

Three Month before High

786.6

2MH

Two Month before High

784.35

LMH

One Month before High

794.5

CMH

Current Month High

760.7

4WH

Four Week before High

760.7

3WH

Three Week before High

752

2WH

Two Week before High

730.35

1WH

One Week before High

723.4

CWH

Current Week High

717.5

PDH

Yesterdays High

717.5


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

689.7

4ML

Four Month before Low

706.2

3ML

Three Month before Low

745.75

2ML

Two Month before Low

739.15

1ML

One Month before Low

731.25

CML

Current Month Low

695.8

4WL

Four Week before Low

733.95

3WL

Three Week before Low

719.9

2WL

Two Week before Low

710.1

1WL

One Week before Low

695.8

CWL

Current Week Low

708.05

PDL

Yesterdays Low

712.15

Short Term Copper Trend


According to quant's technical analysis, mcx copper is currently in Down Trend for short term. The below analysis & forecast is valid for tomorrow & current week.

Short Term Copper Trend

Short Term Copper Buy or Sell Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

715.84

705.3

721.11

727.62

738.17

Sell below

705.3

715.84

700.02

691.77

682.97

We also anticipate the commodity copper futures to respond on the below support and resistance levels for this week.

Short Term Copper Resistance Levels

Weekly Resistance R1

Weekly Resistance R2

Weekly Resistance R3

725.33

738.17

752.93

Short Term Copper Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

697.73

682.97

670.13

Long Term Copper Price Trend


Long Term Trend - Copper is currently in Down Trend for long term. The above forecast is valid for the current month.

MCX Copper Long Term Price Trend

Copper Price Long Term MCX Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

768.06

743.9

780.14

795.07

819.23

Sell below

743.9

768.06

731.82

712.91

692.73

In addition, we expect the commodity copper futures to respond on the following resistance and support levels for this particular month.

Long Term Copper Resistance Levels

Monthly Resistance R1

Monthly Resistance R2

Monthly Resistance R3

780.72

819.23

843.97

Long Term Copper Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

717.47

692.73

654.22

Copper Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



727.02

717.24

Resistance 3 (R3)

722.5

720

721.67

715.77

Resistance 2 (R2)

720

717.96

719.59

715.28

Resistance 1 (R1)

717.15

716.69

716.32

714.79

Pivot Point

714.65

714.65

714.24

714.65

Support 1 (S1)

711.8

712.61

710.97

713.81

Support 2 (S2)

709.3

711.34

708.89

713.32

Support 3 (S3)

706.45

709.3

705.63

712.83

Support 4 (S4)



700.28

711.36

Copper Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



782

727.68

Weekly R3

752.93

738.17

754.4

720.09

Weekly R2

738.17

727.62

738.9

717.56

Weekly R1

725.33

721.11

726.8

715.03

Weekly Pivot Point

710.57

710.57

711.3

710.57

Weekly S1

697.73

700.02

699.2

709.97

Weekly S2

682.97

693.51

683.7

707.44

Weekly S3

670.13

682.97

671.6

704.91

Weekly S4



644

697.32

Copper Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



901.25

776.99

Monthly R3

843.97

819.23

838

759.59

Monthly R2

819.23

795.07

816.25

753.8

Monthly R1

780.72

780.14

774.75

748

Monthly Pivot Point

755.98

755.98

753

755.98

Monthly S1

717.47

731.82

711.5

736.4

Monthly S2

692.73

716.89

689.75

730.6

Monthly S3

654.22

692.73

648.25

724.81

Monthly S4



585

707.41

Get the powerful support and resistance MCX Trend analysis of the 16 major commodities listed on the multi-commodity exchange of India. Technical copper market trends analysis is done every day and updated between 9.15 to 9.30 am on a daily basis.