Commodities Buzz: Copper net speculative longs decline further

Base metals speculators further cut their net long positions in the Copper futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds and retailers totaled a net long position of 24241 contracts in the data reported through April 8, 2025, falling by 5784 contracts.

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