Research
Copper: speculative net positioning in 99th percentile of 3-year range
Non-commercial traders were net long 90,522 Copper futures contracts as of 2026-09-22, the 99th percentile across 156 weekly reports.
Each statement cites its observations
Facts
- 01
Report date 2026-09-22. Non-commercial long 129,398, short 38,876, net +90,522 contracts.
Observations: 60613, 60614, 60609, 60611, 60610
- 02
Open interest 301,657 contracts; non-commercial net equals 30.0% of open interest.
Observations: 60613, 60614, 60609, 60611, 60610
- 03
Percentile rank 99.0 over 156 weeks.
Observations: 60613, 60614, 60609, 60611, 60610
Underlying observations
Provenance
| ID | Metric | Period | Value | Status | Class | Observed | Source |
|---|---|---|---|---|---|---|---|
| 60613 | Commercial long Copper | 2026-09-22 | 92,911 | Verified | Public | 2026-09-28 04:30 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 60614 | Commercial short Copper | 2026-09-22 | 193,346 | Verified | Public | 2026-09-28 04:30 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 60610 | Non-commercial long Copper | 2026-09-22 | 129,398 | Verified | Public | 2026-09-28 04:30 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 60611 | Non-commercial short Copper | 2026-09-22 | 38,876 | Verified | Public | 2026-09-28 04:30 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 60609 | Open interest Copper | 2026-09-22 | 301,657 | Verified | Public | 2026-09-28 04:30 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
Source: U.S. Commodity Futures Trading Commission, Commitments of Traders (Legacy, futures only). Calculations: EveryIntel. Generated by intelligence-rules/1.0.0; confidence 97%. Findings describe published data; they are not forecasts, investment advice or recommendations. See the methodology.