According to the latest data from the US Commodity Futures Trading Commission (CFTC) updated on 23 February 2024, speculative net positions for copper have shown a significant decrease. The previous indicator stood at -32.7K and has now dropped to -15.9K, indicating a decrease in speculative bullish sentiment towards copper in the United States.
This data is crucial for investors and analysts as it provides insights into market sentiment and future price trends for copper. The decline in speculative net positions suggests a shift in investor confidence or expectations regarding the demand and supply dynamics of copper. Traders and market participants will be closely monitoring this data to make informed decisions regarding their copper investments moving forward.
