Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (29th December 2025 - 2nd January 2026)

Copper prices have risen to $5.74 per pound, marking a peak since July 2025. Over the past month, prices increased by 12.98%, and in the last year, surged by 40.75%. This rise is attributed to investor expectations of tighter global supplies in 2026 and the impact of a weaker US dollar. Despite trade disruptions and geopolitical uncertainties, copper is poised to benefit significantly from the global energy transition, with projections indicating a 42% increase by 2025. Earlier this year, Comex copper contracts spiked amid tariff anticipation, although the most traded form has been excluded from levies, which will be reviewed in 2026. There are ongoing concerns about supply as demand increases.

MCX Copper January contract has delivered its one of the best positive weeks in its last five consecutive weeks of bull run, surged by sharply +13.57%, closed at 1277.95. On Friday itself, price has up by +8.93%. Copper price has traded in a strong bullish trend over the past couple of weeks, trading over its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at 1113.55, 1056.65 and 1005.15 respectively. Daily SAR on continuous chart placed at 1121, which will be crucial support to look for.

Immediate resistance would be at psychological level of 1300 and breakout of this level will boost upside momentum in Copper price. Since its expiry is nearby, with recent price rise in past couple of session, we can observe a significant shift of OI in January contract, risen to 13,130 lots. RSI levels remained around 90 on Daily as well as Weekly chart.

We are expecting 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.