Commodities Buzz: Copper net speculative longs extend slide to two-month low

Base metal speculators continued to reduce their longs in the Copper futures market, 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 totalled a net long position of 64788 contracts in the data reported through June 30, 2026, falling by 6832 contracts and slipping to two-month low.

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