Copper positioning
Speculative traders were net long 68,520 Copper futures contracts as of 13 October 2026, the 88th percentile of its last 160 weeks, a fall of 914 on the week.
This week
Reported for 13 October 2026
| Net speculative position | +68,520 net long |
|---|---|
| Long contracts | 107,559 |
| Short contracts | 39,039 |
| Change on the week | −914 |
| Against its own history | 88th percentile of 160 weeks high for this market |
| Open interest | 313,832 |
| Commercial net | −76,637 hedgers, the other side of the speculative position |
Net position over time
160 weekly readings · zero is the line between net long and net short
Copper net speculative position
Non-commercial longs minus shorts, in contracts.
Copper net speculative position, 160 weeks
Show values
| Point | Net position |
|---|---|
| 26 Sep 2023 | −28,779 |
| 3 Oct 2023 | −21,912 |
| 10 Oct 2023 | −14,755 |
| 17 Oct 2023 | −25,889 |
| 24 Oct 2023 | −20,760 |
| 31 Oct 2023 | −17,161 |
| 7 Nov 2023 | −10,288 |
| 14 Nov 2023 | −16,608 |
| 21 Nov 2023 | −3,543 |
| 28 Nov 2023 | −3,872 |
| 5 Dec 2023 | −1,994 |
| 12 Dec 2023 | −4,004 |
| 19 Dec 2023 | 5,559 |
| 26 Dec 2023 | 7,077 |
| 2 Jan 2024 | 8,617 |
| 9 Jan 2024 | −13,167 |
| 16 Jan 2024 | −25,306 |
| 23 Jan 2024 | −29,923 |
| 30 Jan 2024 | −8,598 |
| 6 Feb 2024 | −13,710 |
| 13 Feb 2024 | −32,697 |
| 20 Feb 2024 | −15,942 |
| 27 Feb 2024 | −1,603 |
| 5 Mar 2024 | −5,327 |
| 12 Mar 2024 | 5,427 |
| 19 Mar 2024 | 31,925 |
| 26 Mar 2024 | 23,083 |
| 2 Apr 2024 | 20,296 |
| 9 Apr 2024 | 42,694 |
| 16 Apr 2024 | 47,569 |
| 23 Apr 2024 | 58,394 |
| 30 Apr 2024 | 58,064 |
| 7 May 2024 | 62,648 |
| 14 May 2024 | 61,780 |
| 21 May 2024 | 71,694 |
| 28 May 2024 | 65,522 |
| 4 Jun 2024 | 61,127 |
| 11 Jun 2024 | 61,288 |
| 18 Jun 2024 | 52,621 |
| 25 Jun 2024 | 50,126 |
| 2 Jul 2024 | 49,223 |
| 9 Jul 2024 | 56,031 |
| 16 Jul 2024 | 58,900 |
| 23 Jul 2024 | 42,220 |
| 30 Jul 2024 | 24,475 |
| 6 Aug 2024 | 19,598 |
| 13 Aug 2024 | 15,797 |
| 20 Aug 2024 | 20,274 |
| 27 Aug 2024 | 17,145 |
| 3 Sep 2024 | 12,961 |
| 10 Sep 2024 | 12,812 |
| 17 Sep 2024 | 19,682 |
| 24 Sep 2024 | 33,130 |
| 1 Oct 2024 | 43,192 |
| 8 Oct 2024 | 43,096 |
| 15 Oct 2024 | 35,522 |
| 22 Oct 2024 | 32,455 |
| 29 Oct 2024 | 23,739 |
| 5 Nov 2024 | 23,670 |
| 12 Nov 2024 | 20,845 |
| 19 Nov 2024 | 15,442 |
| 26 Nov 2024 | 9,925 |
| 3 Dec 2024 | 10,466 |
| 10 Dec 2024 | 10,959 |
| 17 Dec 2024 | 5,940 |
| 24 Dec 2024 | 1,804 |
| 31 Dec 2024 | 759 |
| 7 Jan 2025 | 4,270 |
| 14 Jan 2025 | 11,838 |
| 21 Jan 2025 | 16,663 |
| 28 Jan 2025 | 13,045 |
| 4 Feb 2025 | 15,421 |
| 11 Feb 2025 | 20,896 |
| 18 Feb 2025 | 22,063 |
| 25 Feb 2025 | 19,022 |
| 4 Mar 2025 | 13,012 |
| 11 Mar 2025 | 18,598 |
| 18 Mar 2025 | 25,192 |
| 25 Mar 2025 | 34,104 |
| 1 Apr 2025 | 30,025 |
| 8 Apr 2025 | 24,241 |
| 15 Apr 2025 | 19,477 |
| 22 Apr 2025 | 24,765 |
| 29 Apr 2025 | 19,369 |
| 6 May 2025 | 21,703 |
| 13 May 2025 | 21,522 |
| 20 May 2025 | 21,038 |
| 27 May 2025 | 22,581 |
| 3 Jun 2025 | 24,094 |
| 10 Jun 2025 | 26,351 |
| 17 Jun 2025 | 23,800 |
| 24 Jun 2025 | 29,433 |
| 1 Jul 2025 | 33,690 |
| 8 Jul 2025 | 39,604 |
| 15 Jul 2025 | 40,724 |
| 22 Jul 2025 | 39,822 |
| 29 Jul 2025 | 37,347 |
| 5 Aug 2025 | 20,686 |
| 12 Aug 2025 | 28,211 |
| 19 Aug 2025 | 26,032 |
| 26 Aug 2025 | 26,230 |
| 2 Sep 2025 | 25,658 |
| 9 Sep 2025 | 27,241 |
| 16 Sep 2025 | 30,348 |
| 23 Sep 2025 | 30,230 |
| 30 Sep 2025 | 32,566 |
| 7 Oct 2025 | 39,069 |
| 14 Oct 2025 | 42,627 |
| 21 Oct 2025 | 41,211 |
| 28 Oct 2025 | 49,094 |
| 4 Nov 2025 | 56,375 |
| 10 Nov 2025 | 55,526 |
| 18 Nov 2025 | 51,959 |
| 25 Nov 2025 | 43,637 |
| 2 Dec 2025 | 53,413 |
| 9 Dec 2025 | 62,479 |
| 16 Dec 2025 | 64,826 |
| 23 Dec 2025 | 67,088 |
| 30 Dec 2025 | 59,839 |
| 6 Jan 2026 | 57,858 |
| 13 Jan 2026 | 53,441 |
| 20 Jan 2026 | 52,575 |
| 27 Jan 2026 | 48,390 |
| 3 Feb 2026 | 47,814 |
| 10 Feb 2026 | 45,873 |
| 17 Feb 2026 | 59,331 |
| 24 Feb 2026 | 58,440 |
| 3 Mar 2026 | 57,681 |
| 10 Mar 2026 | 51,666 |
| 17 Mar 2026 | 48,044 |
| 24 Mar 2026 | 37,537 |
| 31 Mar 2026 | 40,104 |
| 7 Apr 2026 | 40,227 |
| 14 Apr 2026 | 55,109 |
| 21 Apr 2026 | 59,204 |
| 28 Apr 2026 | 63,281 |
| 5 May 2026 | 62,849 |
| 12 May 2026 | 76,309 |
| 19 May 2026 | 75,886 |
| 26 May 2026 | 73,040 |
| 2 Jun 2026 | 78,833 |
| 9 Jun 2026 | 74,450 |
| 16 Jun 2026 | 75,350 |
| 23 Jun 2026 | 71,620 |
| 30 Jun 2026 | 64,788 |
| 7 Jul 2026 | 64,272 |
| 14 Jul 2026 | 64,385 |
| 21 Jul 2026 | 73,977 |
| 28 Jul 2026 | 67,281 |
| 4 Aug 2026 | 77,123 |
| 11 Aug 2026 | 80,388 |
| 18 Aug 2026 | 79,748 |
| 25 Aug 2026 | 85,266 |
| 1 Sep 2026 | 80,869 |
| 8 Sep 2026 | 92,476 |
| 15 Sep 2026 | 75,134 |
| 22 Sep 2026 | 90,522 |
| 29 Sep 2026 | 85,411 |
| 6 Oct 2026 | 69,434 |
| 13 Oct 2026 | 68,520 |
Against its own history
The percentile each week: the share of earlier weeks whose net was at or below it · every market as gauges
Copper positioning percentile
Above 90, near the most long it has been; below 10, near the most short. Withheld until 26 weeks of history.
Copper positioning percentile, by week
Show values
| Point | Percentile |
|---|---|
| 26 Sep 2023 | — |
| 3 Oct 2023 | — |
| 10 Oct 2023 | — |
| 17 Oct 2023 | — |
| 24 Oct 2023 | — |
| 31 Oct 2023 | — |
| 7 Nov 2023 | — |
| 14 Nov 2023 | — |
| 21 Nov 2023 | — |
| 28 Nov 2023 | — |
| 5 Dec 2023 | — |
| 12 Dec 2023 | — |
| 19 Dec 2023 | — |
| 26 Dec 2023 | — |
| 2 Jan 2024 | — |
| 9 Jan 2024 | — |
| 16 Jan 2024 | — |
| 23 Jan 2024 | — |
| 30 Jan 2024 | — |
| 6 Feb 2024 | — |
| 13 Feb 2024 | — |
| 20 Feb 2024 | — |
| 27 Feb 2024 | — |
| 5 Mar 2024 | — |
| 12 Mar 2024 | — |
| 19 Mar 2024 | — |
| 26 Mar 2024 | 96 |
| 2 Apr 2024 | 93 |
| 9 Apr 2024 | 100 |
| 16 Apr 2024 | 100 |
| 23 Apr 2024 | 100 |
| 30 Apr 2024 | 97 |
| 7 May 2024 | 100 |
| 14 May 2024 | 97 |
| 21 May 2024 | 100 |
| 28 May 2024 | 97 |
| 4 Jun 2024 | 89 |
| 11 Jun 2024 | 89 |
| 18 Jun 2024 | 79 |
| 25 Jun 2024 | 77 |
| 2 Jul 2024 | 75 |
| 9 Jul 2024 | 81 |
| 16 Jul 2024 | 86 |
| 23 Jul 2024 | 65 |
| 30 Jul 2024 | 61 |
| 6 Aug 2024 | 56 |
| 13 Aug 2024 | 54 |
| 20 Aug 2024 | 57 |
| 27 Aug 2024 | 54 |
| 3 Sep 2024 | 51 |
| 10 Sep 2024 | 50 |
| 17 Sep 2024 | 59 |
| 24 Sep 2024 | 69 |
| 1 Oct 2024 | 74 |
| 8 Oct 2024 | 72 |
| 15 Oct 2024 | 67 |
| 22 Oct 2024 | 64 |
| 29 Oct 2024 | 60 |
| 5 Nov 2024 | 59 |
| 12 Nov 2024 | 56 |
| 19 Nov 2024 | 45 |
| 26 Nov 2024 | 41 |
| 3 Dec 2024 | 42 |
| 10 Dec 2024 | 43 |
| 17 Dec 2024 | 36 |
| 24 Dec 2024 | 32 |
| 31 Dec 2024 | 32 |
| 7 Jan 2025 | 34 |
| 14 Jan 2025 | 47 |
| 21 Jan 2025 | 54 |
| 28 Jan 2025 | 50 |
| 4 Feb 2025 | 51 |
| 11 Feb 2025 | 64 |
| 18 Feb 2025 | 64 |
| 25 Feb 2025 | 55 |
| 4 Mar 2025 | 47 |
| 11 Mar 2025 | 55 |
| 18 Mar 2025 | 71 |
| 25 Mar 2025 | 76 |
| 1 Apr 2025 | 71 |
| 8 Apr 2025 | 68 |
| 15 Apr 2025 | 54 |
| 22 Apr 2025 | 70 |
| 29 Apr 2025 | 53 |
| 6 May 2025 | 62 |
| 13 May 2025 | 61 |
| 20 May 2025 | 61 |
| 27 May 2025 | 64 |
| 3 Jun 2025 | 68 |
| 10 Jun 2025 | 73 |
| 17 Jun 2025 | 67 |
| 24 Jun 2025 | 74 |
| 1 Jul 2025 | 78 |
| 8 Jul 2025 | 81 |
| 15 Jul 2025 | 81 |
| 22 Jul 2025 | 80 |
| 29 Jul 2025 | 78 |
| 5 Aug 2025 | 52 |
| 12 Aug 2025 | 69 |
| 19 Aug 2025 | 68 |
| 26 Aug 2025 | 68 |
| 2 Sep 2025 | 66 |
| 9 Sep 2025 | 70 |
| 16 Sep 2025 | 73 |
| 23 Sep 2025 | 72 |
| 30 Sep 2025 | 75 |
| 7 Oct 2025 | 80 |
| 14 Oct 2025 | 84 |
| 21 Oct 2025 | 82 |
| 28 Oct 2025 | 88 |
| 4 Nov 2025 | 92 |
| 10 Nov 2025 | 90 |
| 18 Nov 2025 | 88 |
| 25 Nov 2025 | 84 |
| 2 Dec 2025 | 90 |
| 9 Dec 2025 | 97 |
| 16 Dec 2025 | 98 |
| 23 Dec 2025 | 99 |
| 30 Dec 2025 | 92 |
| 6 Jan 2026 | 89 |
| 13 Jan 2026 | 86 |
| 20 Jan 2026 | 84 |
| 27 Jan 2026 | 80 |
| 3 Feb 2026 | 79 |
| 10 Feb 2026 | 77 |
| 17 Feb 2026 | 92 |
| 24 Feb 2026 | 91 |
| 3 Mar 2026 | 87 |
| 10 Mar 2026 | 81 |
| 17 Mar 2026 | 77 |
| 24 Mar 2026 | 65 |
| 31 Mar 2026 | 68 |
| 7 Apr 2026 | 68 |
| 14 Apr 2026 | 85 |
| 21 Apr 2026 | 92 |
| 28 Apr 2026 | 97 |
| 5 May 2026 | 96 |
| 12 May 2026 | 100 |
| 19 May 2026 | 99 |
| 26 May 2026 | 99 |
| 2 Jun 2026 | 100 |
| 9 Jun 2026 | 98 |
| 16 Jun 2026 | 98 |
| 23 Jun 2026 | 95 |
| 30 Jun 2026 | 92 |
| 7 Jul 2026 | 92 |
| 14 Jul 2026 | 92 |
| 21 Jul 2026 | 97 |
| 28 Jul 2026 | 94 |
| 4 Aug 2026 | 99 |
| 11 Aug 2026 | 100 |
| 18 Aug 2026 | 99 |
| 25 Aug 2026 | 100 |
| 1 Sep 2026 | 99 |
| 8 Sep 2026 | 100 |
| 15 Sep 2026 | 94 |
| 22 Sep 2026 | 99 |
| 29 Sep 2026 | 99 |
| 6 Oct 2026 | 89 |
| 13 Oct 2026 | 88 |
Related instruments
The futures contract and the spot instrument are not the same thing; they move together, not identically.
Reading this figure
It is futures positioning and not spot, it is a Tuesday snapshot published the following Friday, and a level is not a signal. The hub explains each limit, and none of this is advice.