MTECHTIPS-Copper Long Positions At Six Month High Says CFTC

MTECHTIPS-Copper Long Positions At Six Month High Says CFTC

MTECHTIPS- 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 36,829 contracts in the data reported through Tuesday August 15th. This was a weekly rise of 3,693 contracts from the previous week which had a total of 33,136 net contracts. This week’s increase marked a fifth straight week of net bullish gains and put the current level of bullish net positions at the highest level since February 28th. The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -37,145 contracts on the week. This was a weekly drop of -3,218 contracts
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM
07489294118-119