2026.02.2720:30:00UTC+00CFTC Data Show Slight Pullback in Copper Bullish Bets as Speculative Net Longs Edge Lower

Speculative interest in copper futures eased slightly in the latest reporting week, according to fresh data from the U.S. Commodity Futures Trading Commission (CFTC) updated on 27 February 2026. Net speculative positions in copper slipped to 58.4K contracts, down from 59.3K previously.

The modest decline suggests that while bullish sentiment toward copper remains intact, some traders may be trimming exposure or locking in profits after prior gains. The change in positioning will be closely watched by market participants as an indicator of shifting risk appetite in the broader commodities space and expectations for industrial demand tied to global growth and manufacturing trends.