{"id":142017,"date":"2019-02-16T11:03:30","date_gmt":"2019-02-16T16:03:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142017"},"modified":"2019-02-16T12:01:51","modified_gmt":"2019-02-16T17:01:51","slug":"copper-speculators-cut-bearish-positions-for-1st-time-in-9-weeks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/copper-speculators-cut-bearish-positions-for-1st-time-in-9-weeks\/","title":{"rendered":"Copper Speculators cut bearish positions for 1st time in 9 weeks"},"content":{"rendered":"<div id=\"inves-1621178384\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 16, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>February 16, 2019 &#8211; By CountingPips.com<\/strong> &#8211; <a href=\"http:\/\/bit.ly\/2qXdKPP\"><strong>Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n\t<style type=\"text\/css\" scoped=\"scoped\">\n\t\t#gallery-1 {\n\t\t\tclear: both;\n\t\t}\n\t\t#gallery-1 .gallery-item-wrapper {\n\t\t\tfloat: left;\n\t\t\tmargin: 0;\n\t\t\tpadding: 0;\n\t\t\twidth: 100%;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-item-wrapper,\n\t\t#ie7 #gallery-1 .gallery-item-wrapper {\n\t\t\twidth: 100%;\n\t\t}\n\t\t#gallery-1 .gallery-item {\n\t\t\tdisplay: block;\n\t\t\tfloat: none;\n\t\t\tmargin: 5px;\n\t\t\twidth: auto !important;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-item {\n\t\t\tdisplay: inline;\n\t\t}\n\t\t#gallery-1 .gallery-icon a {\n\t\t\tdisplay: block;\n\t\t\tline-height: 0;\n\t\t}\n\t\t#gallery-1 img {\n\t\t\twidth: 100% !important;\n\t\t\tmax-width: 100% !important;\n\t\t\theight: auto !important;\n\t\t}\n\t\t#gallery-1 .gallery-caption {\n\t\t\toverflow: hidden;\n\t\t}\n\t\t#ie6 #gallery-1 .gallery-caption {\n\t\t\tword-wrap: break-word;\n\t\t}\n\t<\/style>\n<div id='gallery-1' class='gallery galleryid-142017 gallery-columns-1 gallery-size-full clearfix'>\n<div class='gallery-item-wrapper'>\n<dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon'>\n\t\t\t\t<a href='https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_2-6.png'><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"700\" src=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_2-6.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_2-6.png 900w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_2-6-300x233.png 300w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_2-6-768x597.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a>\n\t\t\t<\/dt><\/dl>\n<\/div>\n<br style=\"clear: both\" \/><\/div>\n\n<p><b>Copper Non-Commercial Speculator Positions:<\/b><\/p>\n<p>Large precious metals speculators reduced their bearish net positions in the Copper futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.<\/p>\n<blockquote><p>This latest COT data is from later in January due to the government shutdown which suspended the releases. The CFTC is releasing data on Tuesdays and Fridays going forward until the data is back up to date.<\/p><\/blockquote>\n<p>The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of -24,525 contracts in the data reported through Tuesday January 22nd. This was a weekly rise of 3,067 net contracts from the previous week which had a total of -27,592 net contracts.<\/p>\n<p>The week&#8217;s net position was the result of the gross bullish position (longs) advancing by 414 contracts to a weekly total of 76,080 contracts compared to the gross bearish position (shorts) which saw a reduction by -2,653 contracts for the week to a total of 100,605 contracts.<\/p>\n<p>The net speculative position rebounded slightly after an eight week streak of growing bearish bets. The latest data shows that copper speculator positions remained in an overall bearish standing for six straight weeks through January 22nd.<\/p><div id=\"inves-2651475804\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>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><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>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><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><b>Copper Commercial Positions:<\/b><\/p>\n<p>The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 22,223 contracts on the week. This was a weekly decrease of -4,682 contracts from the total net of 26,905 contracts reported the previous week.<\/p>\n\t<style type=\"text\/css\" scoped=\"scoped\">\n\t\t#gallery-2 {\n\t\t\tclear: both;\n\t\t}\n\t\t#gallery-2 .gallery-item-wrapper {\n\t\t\tfloat: left;\n\t\t\tmargin: 0;\n\t\t\tpadding: 0;\n\t\t\twidth: 100%;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-item-wrapper,\n\t\t#ie7 #gallery-2 .gallery-item-wrapper {\n\t\t\twidth: 100%;\n\t\t}\n\t\t#gallery-2 .gallery-item {\n\t\t\tdisplay: block;\n\t\t\tfloat: none;\n\t\t\tmargin: 5px;\n\t\t\twidth: auto !important;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-item {\n\t\t\tdisplay: inline;\n\t\t}\n\t\t#gallery-2 .gallery-icon a {\n\t\t\tdisplay: block;\n\t\t\tline-height: 0;\n\t\t}\n\t\t#gallery-2 img {\n\t\t\twidth: 100% !important;\n\t\t\tmax-width: 100% !important;\n\t\t\theight: auto !important;\n\t\t}\n\t\t#gallery-2 .gallery-caption {\n\t\t\toverflow: hidden;\n\t\t}\n\t\t#ie6 #gallery-2 .gallery-caption {\n\t\t\tword-wrap: break-word;\n\t\t}\n\t<\/style>\n<div id='gallery-2' class='gallery galleryid-142017 gallery-columns-1 gallery-size-full clearfix'>\n<div class='gallery-item-wrapper'>\n<dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon'>\n\t\t\t\t<a href='https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_1-6.png'><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"700\" src=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_1-6.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_1-6.png 900w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_1-6-300x233.png 300w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2019\/02\/HG_1-6-768x597.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a>\n\t\t\t<\/dt><\/dl>\n<\/div>\n<br style=\"clear: both\" \/><\/div>\n\n<p><b>Copper Futures:<\/b><\/p>\n<p>Over the same weekly reporting time-frame, from Tuesday to Tuesday, the Copper Futures (Front Month) closed at approximately $265.95 which was an uptick of $2.50 from the previous close of $263.45, according to unofficial market data.<\/p>\n<blockquote><p><strong>*COT Report:<\/strong> The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (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 &amp; traders for business purposes) were positioned in the futures markets.<\/p>\n<p>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).<\/p>\n<p>Find CFTC criteria here: (http:\/\/www.cftc.gov\/MarketReports\/CommitmentsofTraders\/ExplanatoryNotes\/index.htm).<\/p><\/blockquote>\n<p>Article <strong>By CountingPips.com<\/strong> &#8211; <a href=\"http:\/\/bit.ly\/2qXdKPP\"><strong>Receive our weekly COT Reports by Email<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>February 16, 2019 &#8211; By CountingPips.com &#8211; Receive our weekly COT Reports by Email Copper Non-Commercial Speculator Positions: Large precious metals speculators reduced their bearish net positions in the Copper futures markets in January, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. This latest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-142017","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142017","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142017"}],"version-history":[{"count":5,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142017\/revisions"}],"predecessor-version":[{"id":142049,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142017\/revisions\/142049"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}