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Commodity Mid Session News

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(26 Aug 2024, 13:21)

Commodities Buzz: Copper net speculative long position hit three week high

Base metals speculators sharply increased their net long positions in the Copper futures market marginally last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds and retailers totaled a net long position of 20274 contracts in the data reported through August 20, 2024. This was a weekly spike of 4477 net contracts and pushed net speculative long positions to three week high.
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