13.03.202619:30:00UTC+00Copper Bulls Trim Bets as CFTC Net Long Positions Ease to 51.7K

Speculative positioning in U.S. copper futures softened, with CFTC copper speculative net positions slipping to 51.7K, down from 57.7K previously, according to data updated on 13 March 2026.

The decline in net long positions suggests some investors have taken profits or scaled back bullish bets after the prior build-up in speculative exposure. While sentiment remains net long overall, the pullback may indicate growing caution around the near‑term price outlook for copper, often viewed as a barometer of global industrial demand.

Market participants will be watching upcoming macroeconomic data and industrial activity indicators to gauge whether this moderation in speculative interest marks a temporary pause or the early stages of a broader repositioning in the copper market.