{
  "id": 1937824,
  "title": "Copper futures: Hovers nears a support",
  "url": "https://urgent.news/2026/08/19/copper-futures-hovers-nears-a-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T12:53:47.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/technical-analysis/commodity-calls/copper-futures-hovers-nears-a-support/article71365019.ece"
  },
  "original_language": "en",
  "account": "Copper futures prices have been hovering near a crucial support level of ₹1,365 per kilogram over the past two weeks, according to market data. Despite the sideways trend, the overall uptrend remains intact, indicating a potential return to a rally. The August futures have been fluctuating between ₹1,365 and ₹1,400 since August 5, with the current price nearing the bottom of this range. The 21-day moving average aligns with this support level, suggesting that a bounce back is possible, potentially pushing copper futures above ₹1,400 and extending the rally to ₹1,430. However, if the support at ₹1,365 is breached, the near-term outlook could turn bearish, leading to a decline to ₹1,350 and subsequently to ₹1,325. Despite the possibility of a short-term downturn, the overall sentiment remains bullish, with a high likelihood of a rally. Traders may consider exiting short positions at ₹1,370, the current support level, and initiating new long positions at ₹1,370 with a stop-loss at ₹1,325. The next exit point could be at ₹1,430.",
  "summary": "Traders can exit the shorts and initiate long positions",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}