Speculative interest in U.S. copper futures edged lower, with the latest CFTC data showing net positions declining to 48.4K contracts, down from 52.6K previously. The figures, updated on 30 January 2026, indicate a moderation in bullish sentiment toward the metal.
The pullback in net long positions suggests that some traders may be locking in profits or reassessing the outlook for copper, which is closely tied to expectations for global manufacturing activity and infrastructure demand. While positioning remains in net-long territory, the decrease signals a more cautious stance among speculators in the U.S. copper market.\/body
