Commodities Buzz: Copper Speculative Longs Continue To Slip

7 Mar 2022 , 03:10 PM

The large base metals speculators continued to cut their net long positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 22093 net contracts in the data reported through week ended March 1 2022. This was a weekly slide of 3482 contracts. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -29380 contracts, recording a weekly change of 5374 net contracts.

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