2026.06.0519:30:00UTC+00Copper Bulls Add to Bets as CFTC Net Long Positions Climb to 78.8K

Speculative interest in copper continued to build in the United States, with CFTC copper speculative net positions rising to 78.8K, up from the previous reading of 73.0K. The latest data, updated on 05 June 2026, point to a further strengthening of bullish sentiment toward the industrial metal.

The increase in net long positions suggests that traders and funds are positioning for further gains in copper prices, often seen as a barometer of global economic activity. The uptick from 73.0K to 78.8K indicates growing confidence in demand prospects or expectations of tighter supply, as market participants expand their exposure to copper-linked futures and options.

While the CFTC data do not explain the drivers behind the positioning shift, the continued buildup in speculative longs will be closely watched by investors tracking commodity cycles and broader risk appetite across financial markets.