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Pre Session Commentary
Base Metals Preview: Copper Speculative Longs Up Further From Four Month Low
23-Feb-21   08:53 Hrs IST

Large base metals speculators added to their net long positions in the Copper futures markets further last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 73909 net contracts in the data reported through February 15th 2021. This was a weekly rise of 2614 net contracts and pulled up the net speculative longs further from around four month low.

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