GENERATED 17 SEP 2026 DATA AS OF 19:44 IST MCX SEP-26 CONTRACT
MCX Copper · 30 Sep 2026
₹1,395.50 ↗ 1.54%
₹1,375.45–₹1,395.50 today · OI +153
Original entry zone
₹1,360–80 ✓
printed across 10–16 Sep
Original MCX stop
₹1,330 held
lowest close ₹1,360.45
System status today
Wait
rebound ≠ trend re-entry yet
Scorecard: our 8 Sep call
DON’T CHASERSI 70filter blocked
PREFERRED BUY₹1,360–80pullback zone
HARD STOP₹1,330MCX reference
8 SepBreakoutclose ₹1,412.60
9 SepPeakclose ₹1,424.50
10–15Pullbacklow ₹1,350.30
17 SepRebound₹1,395.50
MCX verdict — call active, not completed: the preferred zone triggered, the ₹1,330 stop was never touched, and price is now 1.1%–2.6% above that entry band. The first breakout failed, so discipline still matters.
Why the breakout failed
Tariff squeeze premium unwound
LME stocks rose 6.9% vs 8 Sep
COMEX lost its $6.45 hard stop
Reset, not ruin
Structural bull story survived; tactical momentum did not.
Why the MCX call survived
₹1,350.30 low stayed ₹20 above stop
INR + local basis softened COMEX damage
Price and OI rose together on 17 Sep
Protect the edge
A winning entry is not permission to chase the rebound.
TradingView 1-hour chart + system reality
Copper · 1h · Capital.com feed · captured from TradingView at 20:01 IST
Global copper proxy in USD/lb—not the MCX contract. The 1-hour structure shows the record spike, sharp reset, base, and 17 Sep recovery.
Momentum repairedCOMEX RSI(14) recovered to 59.2 from 32.0 on 14 Sep; MCX price + OI rose together today.
But system is not re-armedCOMEX $6.647 remains below Supertrend $6.753. Its $6.45 daily-close stop failed on 14 Sep ($6.33).
STRATEGY CALLOUT
MANAGE / WAIT
Existing MCX setup alive. No fresh system entry yet.
Existing ₹1,360–80 longHold, don’t add here Trail on a daily-close basis below ₹1,349. Consider partial de-risking into ₹1,412–31.
Preferred fresh setup₹1,378–85 reclaim Only after a bullish rejection. Stop: close below ₹1,349. Targets: ₹1,431, then ₹1,484. Approx. 1.5R / 3.1R from ₹1,382.
Avoid / alternate triggerNo chase at ₹1,395–1,412 Breakout route requires a close above ₹1,413 and next-session hold. Sep contract enters tender period 28 Sep—exit or roll beforehand.
What changed?
Inventory loosenedLME stocks rose to 254,150t on 16 Sep from 237,725t on 8 Sep.
Tariff premium fadedNo new refined-copper tariff decision unwound part of the squeeze trade.
⚠ Risk controls
One MCX lot is 2,500 kg: every ₹1/kg move equals ₹2,500.
COMEX and MCX signals diverged; do not mix stops across venues.
Levels are research scenarios, not personalised advice.
IMPORTANT DISCLAIMER: Agent Adda is not registered with SEBI as an investment adviser, research analyst, broker, or portfolio manager. This content is for education and research only—not investment advice, solicitation, or a buy/sell recommendation. Futures involve substantial leverage and risk. Verify all data independently and consult a qualified adviser before acting.
