FX.co ★ Speculators Boost Bullish Copper Bets as CFTC Net Longs Climb to 74,000 Contracts

Bullish sentiment in the U.S. copper market strengthened as speculative net positions rose to 74.0K contracts, up from 64.4K previously, according to the latest data on CFTC copper speculative net positions released on 24 July 2026.

The increase in net long positions suggests that traders and money managers are growing more optimistic about copper’s price outlook. A higher net long reading typically reflects expectations of firmer demand or tighter supply conditions, as speculative investors position for potential gains.

With net positions advancing by 9.6K contracts from the prior reading, the latest figures indicate a notable shift toward a more risk-on stance in the copper futures market in the United States, underscoring growing confidence in the metal’s near-term prospects.