In a recent update released on August 2, 2024, the Commodity Futures Trading Commission (CFTC) reported a decrease in aluminium speculative net positions. The current indicator has halted at 2.4K, down from the previous level of 2.8K.
This decline of 0.4K suggests a growing sense of caution among investors in the aluminium market. The reduced level of speculative activity indicates that traders may be reassessing their positions amid potential market uncertainties or other influencing factors.
Market analysts will be keenly observing subsequent data releases to gauge whether this trend will continue or if it represents a temporary adjustment in speculative behavior.
