Copper futures have gained about 3.5 per cent so far this week. The December contract is now trading at ₹1,152 (per kg) and the January contract is at ₹1,166. Both contracts have gained about 11 per cent each so far in December.
Since the December series is nearing expiry, we shall consider the January contract for analysis and trade recommendation.
Copper January futures has a resistance ahead at ₹1,170. However, the uptrend has been strong and there are no signs of weakening yet.
If the contract breaks out of the barrier at ₹1,170, it can move further higher to ₹1,245, a potential hurdle. A breakout of this can lift the contract to ₹1,340.
On the other hand, if the price of January futures decline, it can find support at ₹1,100. Subsequent support is at ₹1,060.
Overall, as it stands, the uptrend remains strong and the likelihood of the resistance at ₹1,170 being breached is high.
Trade strategy
Traders can wait for the copper futures (January) to surpass ₹1,170 before buying. Go long after a breakout with a stop-loss at ₹1,100. When the contract rises to ₹1,245, raise the stop-loss to ₹1,220. Book profits at ₹1,340.
Published on December 24, 2025
