MTECHTIPS;- Copper Speculative Longs Gain For Third Week In Row

MTECHTIPS;- Copper Speculative Longs Gain For Third Week In Row

MTECHTIPS- Copper futures markets last 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 39,714 contracts in the data reported through Tuesday November 14th. This was a weekly drop of -2,861 contracts. Speculative positions have now fallen for three straight weeks. The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -45,644 contracts on the week. This was a weekly addition of 3,995 contracts

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