According to the latest data released by the Commodity Futures Trading Commission (CFTC), speculative net positions in aluminium have increased to 4K, up from the previous indicator of 3.9K. The CFTC, a regulatory agency that oversees futures and options markets in the United States, regularly reports on the positions taken by speculators in various commodities.
This uptick in speculative net positions indicates a growing interest in aluminium among traders, potentially signaling bullish sentiment towards the metal. Investors often monitor these positions closely as they can provide insights into market trends and sentiment. The data was last updated on 23 February 2024, providing a current snapshot of the market dynamics surrounding aluminium trading in the United States.
