Copper Oct. Futures (MCX) – Intraday Analysis - 6th Oct., 2025

COPPER1!
Copper is consolidating at 987.65, just below the zero line at 990.05 after a steep rally. Price action is testing short-term resistance, poised for either a breakout continuation or a pullback to short-term support.

Bullish (Long) Setup
Long Entry (982.85):

Initiate longs above 982.85, confirming recovery from recent support and continuation of bullish momentum.

Additional long exposure can be considered near 979.55 on dips, where price previously held and formed higher lows.

Upside Targets:

1,007.50 (Target 1): First supply zone; likely profit booking area on continued buying strength.

1,018.30 (Target 2): Extended target marking recent highs and channel resistance.

Stop Loss:

Place stops below 976.20 (short entry level) or 973.44 (long exit) to manage risk on failed reversals.

Bearish (Short) Setup
Short Entry (976.20):

Shorts become actionable below 976.20, signaling a breakdown of support and momentum turning bearish.

Downside Targets:

972.60 (Target 1): Immediate support where short covering may occur.

961.80 (Target 2): Extended support level if selling pressure accelerates.

Stop Loss:

Cover shorts if price sustains above 982.85 to avoid losses on failed breakdowns.

Technical Structure & Logic
The price is consolidating near a key decision zone (zero line), with volume and momentum signals required to confirm the next directional bias.

Persisting above zero line supports bullish continuation.

Failure to hold above support zones signals risk for a deeper pullback.