Please try another search
Copper Non-Commercial Speculator Positions:
Large precious metals speculators decreased their bullish net positions in the Copper Futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 37,600 contracts in the data reported through Tuesday May 29th. This was a weekly decline of -1,412 contracts from the previous week which had a total of 39,012 net contracts.
Speculative bets had risen in the previous two weeks before this week’s slight turnaround. The overall net position remains above the +30,000 contract level for a seventh consecutive week.
Copper Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -41,235 contracts on the week. This was a weekly gain of 2,514 contracts from the total net of -43,749 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $306.25 which was a decrease of $-6.95 from the previous close of $313.2, according to unofficial market data.
Who’s the leader of the club that was made for me. JOE-BID-eeeen. Joe Biden, Joe Biden forever hold your banner high. High, High. For those of you young folks who...
Gold slides once again today, proving that yesterday’s $67 slide was not accidental.Recent Trends in Gold and USD IndexAnd it’s happening without a rally in the USD...
Gold is under pressure this week, having pulled back to the $2300 per troy ounce level. The decline since Friday's close is over 3.7%. The formal trigger is a more moderate...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.