On July 12, 2024, the Commodity Futures Trading Commission (CFTC) released updated data on speculative net positions for aluminium. The latest figures show that the indicator remained unchanged, standing still at 2.2K.
This stabilization in speculative net positions suggests that market sentiment towards aluminium has been consistent over the past reporting period. As the net positions remain at 2.2K, it indicates that traders are maintaining their current stance without significant shifts in long or short positions.
The data provides a window into the market's speculative behavior and can be a critical factor for investors considering aluminium as a commodity in their portfolios. Keeping an eye on these trends could help in anticipating market movements and making informed investment decisions.
