{"id":104838,"date":"2017-04-15T12:12:48","date_gmt":"2017-04-15T16:12:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=104838"},"modified":"2017-04-15T12:12:48","modified_gmt":"2017-04-15T16:12:48","slug":"copper-speculators-trim-bullish-net-positions-to-lowest-level-in-3-weeks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/copper-speculators-trim-bullish-net-positions-to-lowest-level-in-3-weeks\/","title":{"rendered":"Copper Speculators trim bullish net positions to lowest level in 3 weeks"},"content":{"rendered":"
April 15, 2017<\/div>
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By CountingPips.com<\/strong> – Get our weekly COT Reports by Email<\/strong><\/a><\/p>\n

Copper Non-Commercial Positions:<\/b><\/p>\n

Large speculators and traders trimmed\u00a0their bullish net positions in the copper futures markets last week for a second straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday<\/span><\/span>.<\/p>\n

The non-commercial futures contracts of copper futures, traded by large speculators and hedge funds, totaled a net position of 25,845 contracts in the data reported through April 11th. This was a weekly decline\u00a0of -1,023 contracts from the previous week which had a total of 26,868 net contracts.<\/p>\n

Copper speculative positions have been on a multi-month decline after reaching a multi-year high of +61,115 net contracts on December 13th.<\/p>\n

Copper Commercial Positions:<\/b><\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -30,265 contracts last week. This is a weekly change of -382 contracts from the total net of -29,883 contracts reported the previous week.<\/p>\n

\"\"<\/a>Copper ETN:<\/b><\/p>\n

Over the same weekly reporting time-frame, from Tuesday<\/span><\/span> to Tuesday<\/span><\/span>, the JJC iPath Bloomber Copper ETN, which tracks the price of copper, closed at approximately $29.83 which was a fall\u00a0of $-0.11 from the previous close of $29.94, according to financial market data.<\/p>\n

*COT Report:<\/strong> The COT data, released weekly to the public each Friday<\/span><\/span>, is updated through the previous Tuesday<\/span><\/span> (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders\/speculators). Find CFTC criteria here: (http:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/ExplanatoryNotes\/index.htm<\/a>).<\/p><\/blockquote>\n

Article by CountingPips.com<\/a><\/strong><\/p>\n

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By CountingPips.com – Get our weekly COT Reports by Email Copper Non-Commercial Positions: Large speculators and traders trimmed\u00a0their bullish net positions in the copper futures markets last week for a second straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-104838","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=104838"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104838\/revisions"}],"predecessor-version":[{"id":104842,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/104838\/revisions\/104842"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=104838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=104838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=104838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}