FX.co ★ Copper Bulls Extend Lead as CFTC Speculative Net Longs Rise to 59.2K

Speculative interest in copper continued to strengthen in the United States, with CFTC copper speculative net positions climbing to 59.2K, up from the previous level of 55.1K. The latest data, updated on 24 April 2026, point to a further build‑up in bullish positioning in the red metal.

The increase in net long positions suggests that traders and investors are becoming more optimistic about copper’s price outlook, potentially reflecting expectations of resilient demand or tighter supply conditions. While the data do not reveal underlying drivers, the steady rise from 55.1K to 59.2K highlights growing speculative appetite in the copper market and will be closely watched by market participants assessing momentum and sentiment in industrial commodities.