6 August
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 18.6K to 25.2K
A report on this calendar event is released weekly by the CFTC Commitment of Traders.
The presented indicator reflects the difference between the volumes of long and short positions on copper in the United States opened by speculators (non-commercial traders).
The dynamics of copper futures is an indicator of strength for several days.
The indicator does not have a strong impact on copper quotes and is considered by analysts in conjunction with other indicators.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of Copper.
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