Commodities Buzz: Copper Speculative Shorts Edge Higher

25 Jul 2022 , 02:37 PM

The large base metals speculators continued to add to their net short 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 – 26295 net contracts in the data reported through week ended July 19 2022. This was a weekly change of -2459 contracts. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 60328 contracts, recording a weekly change of 3316 net contracts.Powered by Commodity Insights