Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (22nd - 26th December 2025)

Copper prices have risen, closing up 2.71% at $11,880 per metric ton, as investors consider potential U.S. interest rate cuts due to slower consumer inflation. The impending 50% tariffs on refined copper in the U.S. have led to significant “arbitrage” activities, causing a withdrawal of metal from London Metal Exchange warehouses, which has created acute shortages in Europe and Asia. Additionally, supply concerns have grown due to a major mudslide at Indonesia’s Grasberg mine, expected to limit 300,000 to 500,000 tons of copper supply until mid-2026.

MCX Copper December contract has been traded in a bullish trend for the 4th consecutive week, inclining by +7.60% in December and closing on a positive note at ₹11,530. Prices continue to trade over all key moving averages i.e. 20, 50 and 100-DEMA levels placed at ₹10,794.5, ₹10,353 and ₹9,906 respectively. Copper price has broken through the resistance line of the rising channel and re-tested the previous levels in the past week and sustained over it. Daily SAR is placed at ₹11,017. Immediate upside hurdle would be at the psychological level of ₹11,250, and if price sustains over this mark, we may expect further up move towards ₹11,525.

Since the expiry is nearby, we can observe a dip in OI levels of December and addition into the January contract. The momentum indicator, RSI remains over 70 level on Daily as well as Weekly chart. There is a convergence on MACD along with declining positive histograms on the Daily chart.

We are expecting a Moderately Bullish trend in next week in Copper and traders may look for buy-on-dips opportunity.

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Prediction given by Technical Research Team - Choice.