Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (24th - 28th November 2025)

The Chilean copper agency, Cochilco, cited global supply interruptions, reduced interest rates, a weaker dollar, and global economic resiliency. This year has seen a spate of delays to copper supplies, including an accident at Chile’s El Teniente mine in July. Chilean production is expected to increase by 2.5% in 2026 to 5.6 million metric tonnes. The recent rebound in Dollar index towards 100 has put additional pressure in Dollar-denominated commodities like Copper.

MCX Copper December contract has been traded back & forth over the course of the week, traded in a tight range of 1002 – 1012 and closed on a positive note at 1011.80. After reaching its ATH levels, Copper future has remained in a narrow range, forming a Bearish Hammer weekly candle in past week, as price has rebounded marginally from the dips of 999.25. Price has continued to move over its all key moving averages i.e. 50, 100 and 200-DEMA levels placed at 985.80, 954.15 and 917.35 respectively. Crucial resistance would be at 1027.50 and breakout of this level will accelerate upward momentum in Copper price.

Looking at OI levels, we can observe a rise in OI levels of December contract to 6880 lots in recent throwback-consolidation which signifies a strength in a previous bullish trend. RSI levels remained around 50 level on 4-hourly and Daily chart.

We are expecting Sideways to 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.