Parameter Data
Asset Name Copper MCX Futures (Feb 2026): ₹1,092.90/kg [ 🟩 +19.30 (+1.8%) ] (LTP: Dec 5, 2025 Close)
Price Movement Strong momentum targeting [R1: ₹1,105.00] and [R2: ₹1,118.00]. Downside possible if [Alternate Scenario breaking point: ₹1,080.00] is breached, targeting [S1: ₹1,070.00] and [S2: ₹1,060.00].
Current Trade 🟩 BUY Active / T1: ₹1,105.00, T2: ₹1,118.00, T3: ₹1,130.00 / SL: ₹1,079.50
Risk Reward (R:R) 🟩 1 : 1.5 [ breakout above ₹1,105.00 & Breakdown below ₹1,080.00 ]
Confidence 🟩 27/30 (90%) (High confidence due to global rally and technical breakout.)
Probability 🟩 85% (High probability of continuation into the new week.)
Market Phase 🟩 Expansion/Impulse Wave (Breaking out of consolidation on high volume.)
DEMA Levels 🟩 Strong Bullish (Price is trading well above 20-DEMA, indicating positive short-term trend.)
Supports 🟩 S1: ₹1,080.00 (Major Consolidation Breakout/Psychological Floor), 🟩 S2: ₹1,070.00 (20-DEMA Support), 🟩 S3: ₹1,060.00 (Previous Swing Low).
Resistances 🟥 R1: ₹1,105.00 (Intraday High Zone), 🟥 R2: ₹1,118.00 (Next Fibonacci Extension Target), 🟥 R3: ₹1,130.00 (All-time High Region).
SMC Structure 🟩 Bullish Order Flow. Price has successfully mitigated supply and demonstrated a strong break of structure (BOS) above ₹1,080.
Trap/Liquidity Zones 🟥 Liquidity Target: Above ₹1,130.00. Potential Trap: Shorting near ₹1,100; every dip is being bought.
Max Pain 🟨 N/A (Minimal relevance for high-momentum commodity futures.)
ADX/RSI/DMI 🟩 RSI (14): 68.5 (Approaching Overbought, strong momentum), ADX (14): 25 (Confirming a building trend.)
Market Depth 🟩 N/A (Weekend data; Depth N/A.)
Volatility 🟩 Moderate to High (ATR is increasing, confirming the expansion phase.)
Source Ledger 🟩 Verified (Weekend Rule): Official MCX Feb 2026 Closing Data from Friday, Dec 5, 2025.
OI 🟩 Increasing (Open Interest built up with the price rise, supporting the long trade thesis.)
PCR 🟨 N/A (Data not readily available for weekend.)
VWAP 🟨 N/A (Weekend data; VWAP N/A.)
Turnover 🟩 High (Increased trading activity confirms participation in the breakout.)
Harmonic Pattern 🟨 N/A (The price is in a strong impulse wave.)
IV/RV 🟩 High IV / Mild Positive Skew (Market is expecting continued volatility and upside risk.)
Options Skew 🟩 Positive Skew (Call options are carrying a high premium relative to Puts.)
Vanna/Charm 🟨 N/A (Neutral.)
Block Trades 🟩 Significant Institutional Buying observed around the ₹1,070-₹1,080 support zone before the final push.
COT Positioning 🟩 Net Long (Hedge funds and large speculators are heavily positioned for higher copper prices globally.)
Cross-Asset Correlation 🟩 Strong Positive with LME Copper Price (Breakout confirmed globally), Weak Inverse with USD Index (DXY).
ETF Rotation 🟩 Inflows (Copper ETFs/ETNs are attracting capital.)
Sentiment Index 🟩 70 (Greed). Sentiment is bullish but not yet in the extreme euphoric zone.
OFI 🟩 Buy-side pressure (Order Flow indicates buyers were dominant during the breakout phase.)
Delta 🟩 Cumulative Delta: Positive (Buyers overpowered sellers into the close.)
VWAP Bands 🟨 N/A (VWAP band data not available.)
Rotation Metrics 🟩 Leading/Alpha Generating (Copper is showing leadership among industrial metals.)
Data Triangulation 🟩 Verified (MCX performance tracks LME and COMEX trends, confirming the global bullish outlook.)
Asset Name Copper MCX Futures (Feb 2026): ₹1,092.90/kg [ 🟩 +19.30 (+1.8%) ] (LTP: Dec 5, 2025 Close)
Price Movement Strong momentum targeting [R1: ₹1,105.00] and [R2: ₹1,118.00]. Downside possible if [Alternate Scenario breaking point: ₹1,080.00] is breached, targeting [S1: ₹1,070.00] and [S2: ₹1,060.00].
Current Trade 🟩 BUY Active / T1: ₹1,105.00, T2: ₹1,118.00, T3: ₹1,130.00 / SL: ₹1,079.50
Risk Reward (R:R) 🟩 1 : 1.5 [ breakout above ₹1,105.00 & Breakdown below ₹1,080.00 ]
Confidence 🟩 27/30 (90%) (High confidence due to global rally and technical breakout.)
Probability 🟩 85% (High probability of continuation into the new week.)
Market Phase 🟩 Expansion/Impulse Wave (Breaking out of consolidation on high volume.)
DEMA Levels 🟩 Strong Bullish (Price is trading well above 20-DEMA, indicating positive short-term trend.)
Supports 🟩 S1: ₹1,080.00 (Major Consolidation Breakout/Psychological Floor), 🟩 S2: ₹1,070.00 (20-DEMA Support), 🟩 S3: ₹1,060.00 (Previous Swing Low).
Resistances 🟥 R1: ₹1,105.00 (Intraday High Zone), 🟥 R2: ₹1,118.00 (Next Fibonacci Extension Target), 🟥 R3: ₹1,130.00 (All-time High Region).
SMC Structure 🟩 Bullish Order Flow. Price has successfully mitigated supply and demonstrated a strong break of structure (BOS) above ₹1,080.
Trap/Liquidity Zones 🟥 Liquidity Target: Above ₹1,130.00. Potential Trap: Shorting near ₹1,100; every dip is being bought.
Max Pain 🟨 N/A (Minimal relevance for high-momentum commodity futures.)
ADX/RSI/DMI 🟩 RSI (14): 68.5 (Approaching Overbought, strong momentum), ADX (14): 25 (Confirming a building trend.)
Market Depth 🟩 N/A (Weekend data; Depth N/A.)
Volatility 🟩 Moderate to High (ATR is increasing, confirming the expansion phase.)
Source Ledger 🟩 Verified (Weekend Rule): Official MCX Feb 2026 Closing Data from Friday, Dec 5, 2025.
OI 🟩 Increasing (Open Interest built up with the price rise, supporting the long trade thesis.)
PCR 🟨 N/A (Data not readily available for weekend.)
VWAP 🟨 N/A (Weekend data; VWAP N/A.)
Turnover 🟩 High (Increased trading activity confirms participation in the breakout.)
Harmonic Pattern 🟨 N/A (The price is in a strong impulse wave.)
IV/RV 🟩 High IV / Mild Positive Skew (Market is expecting continued volatility and upside risk.)
Options Skew 🟩 Positive Skew (Call options are carrying a high premium relative to Puts.)
Vanna/Charm 🟨 N/A (Neutral.)
Block Trades 🟩 Significant Institutional Buying observed around the ₹1,070-₹1,080 support zone before the final push.
COT Positioning 🟩 Net Long (Hedge funds and large speculators are heavily positioned for higher copper prices globally.)
Cross-Asset Correlation 🟩 Strong Positive with LME Copper Price (Breakout confirmed globally), Weak Inverse with USD Index (DXY).
ETF Rotation 🟩 Inflows (Copper ETFs/ETNs are attracting capital.)
Sentiment Index 🟩 70 (Greed). Sentiment is bullish but not yet in the extreme euphoric zone.
OFI 🟩 Buy-side pressure (Order Flow indicates buyers were dominant during the breakout phase.)
Delta 🟩 Cumulative Delta: Positive (Buyers overpowered sellers into the close.)
VWAP Bands 🟨 N/A (VWAP band data not available.)
Rotation Metrics 🟩 Leading/Alpha Generating (Copper is showing leadership among industrial metals.)
Data Triangulation 🟩 Verified (MCX performance tracks LME and COMEX trends, confirming the global bullish outlook.)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.