Copper Price Forecast for Next Week

Copper Price Forecast for Next Week (6th  - 10th October 2025)

Copper prices surged last week, not on robust demand but due to supply disruptions at major mines, including the ongoing issues at Grasberg and other operational constraints, which highlighted the market’s vulnerability. While these supply pressures pushed prices higher, the rally lacks demand-driven support and remains vulnerable to headwinds from slowing global economic growth.

Copper price in Indian market reached its all-time high levels, made a high at 993.65 in the past week and closed on a positive note at 987.60. After a breakout over a Symmetric triangle in the previous week, Copper price has continued to incline over its key moving averages i.e. 50, 100 and 200-DEMA levels placed at 910.40, 894.85 and 875 respectively. Daily SAR is placed at 912.20. Crucial support would be at 931. On the other hand, immediate hurdle would be at psychological level of 1000.

Looking at OI levels, we can observe a steady rise in OI levels in October contract to 7700 lots while minor reduction in OI levels when price has reached to ATH level. RSI levels remained in range of 75 – 80 levels in Daily and Weekly chart.

We are expecting Bullish trend in Copper price in upcoming sessions and expecting correction towards support levels in next week. If price holds over these levels, it may provide a Buy-on-dips opportunity for Copper price.

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Prediction given by Technical Research Team - Choice.