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

Speculative interest in copper futures eased slightly in the latest reporting period, with traders paring back net long exposure, according to updated data on CFTC copper speculative net positions.

Figures released on 21 August 2026 show that net speculative positions in copper slipped to 79.7K contracts, down from 80.4K previously. While the move is modest, it signals a small pullback in bullish positioning after the prior reading.

The slight decline suggests some investors may be reassessing near-term prospects for the metal, even as speculative sentiment remains broadly positive with net longs still elevated on a historical basis. Market participants will be watching upcoming macro data and industrial demand indicators to gauge whether this softening continues or stabilizes in the weeks ahead.