FX.co ★ Copper Bulls Tighten Grip as CFTC Net Long Positions Jump to 76.3K

Speculative interest in copper futures strengthened notably in the United States, as the latest CFTC data showed net long positions rising to 76.3K, up from 62.8K previously. The updated figures, released on 15 May 2026, signal a marked increase in bullish sentiment toward the industrial metal.

The expansion in net long positions suggests that traders and investors are positioning for further gains in copper prices, potentially reflecting expectations of resilient demand or tighter supply conditions. While the data itself does not explain the drivers behind the shift, the move from 62.8K to 76.3K underscores growing optimism in the copper market and could translate into heightened price volatility in the near term.

Market participants will be watching upcoming macroeconomic data and industrial indicators closely to see whether the momentum in speculative positioning is sustained or begins to unwind in the weeks ahead.