FX.co ★ Copper Speculative Net Longs Edge Higher, Signal Steady Bullish Sentiment

Speculative positioning in U.S. copper futures and options ticked slightly higher in the latest reporting period, suggesting that bullish sentiment toward the metal remains intact. According to data released on 10 April 2026, CFTC copper speculative net positions rose to 40.2K contracts, up marginally from 40.1K previously.

The modest increase indicates that traders are maintaining, and slightly adding to, net long exposure rather than scaling back, pointing to continued optimism about copper’s demand outlook and pricing. While the change is small, the sustained elevated level of net longs underscores ongoing interest from speculators in the red metal as a key barometer of industrial and global economic activity.