Copper futures have been trading flat over the past week. The February contract is currently at ₹1,185 (per kg) and the March contract is at ₹1,205 (per kg). Since the former is nearing its expiry (February 27), we shall consider the March contract for analysis and trade recommendation.
The March contract has been moving within the narrow price band of ₹1,172-1,125 over the last week. Prior to this the contract saw a drop in price. So, as it stands, the bears has lost some traction but the trend has not turned bullish yet.
Going ahead, the March copper futures might rise to ₹1,230-1,250 price band, a potential resistance. Post this move, the contract can see a decline to ₹1,150.
Instead of a fall, if copper futures breaks out of the resistance at ₹1,250, the outlook can change positive. In such a case, the contract can rally to ₹1,300. Resistance above ₹1,300 is at ₹1,350.
That said, overall, as long as the resistance at ₹1,250 holds true, the bias will be bearish.
Trade strategy
Short copper futures (March) if it rises to ₹1,230. Place stop-loss at ₹1,260. When the contract slips to ₹1,170, tighten the stop-loss to ₹1,210. Book profits at ₹1,150.
Published on February 25, 2026