FX.co ★ Copper Bulls Trim Positions as CFTC Net Longs Edge Lower

Speculative investors slightly pared back their bullish bets on copper in the latest week, according to fresh data from the U.S. Commodity Futures Trading Commission (CFTC) released on 08 May 2026.

CFTC figures show that net speculative positions in copper slipped to 62.8K contracts, down from 63.3K previously. While the shift is modest, it indicates a marginal cooling of optimism among traders who had been building long positions in the metal.

The small decline suggests that, for now, speculative sentiment remains broadly positive but is showing early signs of consolidation, as market participants reassess the balance of supply, demand and macroeconomic signals in the copper market.