MTECHTIPS;-Copper Large Speculators Increase Net Positions As per COT

MTECHTIPS;-Copper Large Speculators Increase Net Positions As per COT

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 33,829 contracts in the data reported through Tuesday October 3rd. This was a weekly increase of 3,693 contracts from the previous week which had a total of 30,136 net contracts. Speculative positions rose after falling for the previous three weeks and still reside in a bullish level above the 30,000 contract threshold. 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 39,789 contracts on the week. This was a weekly fall of 3,393 contracts from the total net of 36,396 contracts reported the previous week
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