Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (25th - 29th August 2025)

Copper regained ground as Jerome Powell’s Jackson Hole remarks lifted expectations of a September Fed rate cut, weakening the dollar and supporting dollar-priced metals. Supply risks also underpinned prices after Codelco cut its production guidance following a fatal accident at its biggest mine. Still, sentiment remains cautious with China’s economic slowdown and U.S. tariff headwinds tempering the upside.

MCX Copper September contract has traded back & forth over the course of the week, inclined marginally from the support of 876.35 in past week and managed to settle at 888. Copper price has still remained within Symmetric triangle formation, sustaining over 100 and 200-DEMA levels placed at 880.25 – 865.15 respectively. Crucial hurdle would be Daily SAR level placed at opposite side at 897.70. Breakout of this hurdle will accelerate upside momentum in Copper price towards its next hurdle at 907.40.

Following a recent price dip, Copper has rebounded with conviction. The surge in open interest to 5720 lots confirms that this price increase is being supported by new long positions, indicating a robust upside momentum. This bullish trend is also reflected in the technical picture. The RSI remains balanced around 50, and the MACD has generated a bullish crossover, marked by positive histograms below the zero-line. These combined signals collectively suggest a favorable outlook for Copper prices.

We are expecting Moderately Bullish trend in Copper price in upcoming sessions and traders may go for buy-on-dips opportunity in any pullbacks towards support levels.

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Prediction given by Technical Research Team - Choice.