Copper futures (₹1,385/kg), which has been trading flat recently, has now started showing signs of a resumption in uptrend.The June futures was oscillating in the narrow range of ₹1,342-1,374 between May 18 and June 1. But on Tuesday (June 2), it broke out of the resistance at ₹1,374 and closed at ₹1,379.30.The 21-day moving average, at around ₹1,365, acted as a good base and aided in the breakout. Also, the broader trend has been bullish.So, the prevailing price action shows a good positive bias and we expect further upside in the forthcoming sessions. The nearest resistance levels are at ₹1,430 and ₹1,450, which are likely to be tested soon.However, if copper futures declines from the current level of ₹1,385 and slips below the support at ₹1,342, the downswing can extend to the support band of ₹1,320-1,300. A breach of ₹1,300 can turn the outlook weak.Nevertheless, as it stands, the outlook stays bullish.Trade strategyRetain the long position that we suggested at ₹1,362. But revise the stop-loss from ₹1,320 to ₹1,330. Book profits at ₹1,430.Published on June 3, 2026