Base Metals Preview: Copper Continues To See Good Fund Buying

Base Metals Preview: Copper Continues To See Good Fund Buying

Mar 02, 2021 08:03 IST capital market

Large base metals speculators increased their net long positions in the Copper futures markets further 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, totaled a net position of 75404 net contracts in the data reported through February 22nd 2021. This was a weekly gain of 1495 net contracts. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -86522 contracts, recording a weekly change of -852 net contracts.

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