Copper

Futures Continuous hg.c
Open Interest 268,800 (-2,190, -1.0%)
Commercial Net -80,478 (+3,930, +4.7%)
Large Spec Net 71,620 (-3,730)
Small Traders Net 8,858 (-200)
COT Index 6.86% As of 06/23/2026
Last Update 06/23 Weekly Report
Copper Price
Futures Continuous • D / W / M
Copper Valuation
vs Bonds, Gold, DXY
COT Positioning Chart
Net positions over time
Copper COT Index
Current positioning
0% = Lowest in 3 years | 50% = Middle | 100% = Highest
COT Positioning Trends
Line chart trends
Filter Historical Data
Historical COT Data
50 records with weekly changes
Date Commercials Large Speculators Small Traders Open Interest Net Commercial COT Index
Long Short Long Short Long Short
06/23/2026
92,377
(+426)
172,855
(-3,504)
104,205
(-2,589)
32,585
(+1,141)
20,000
(-27)
11,142
(+173)
268,800
(-2,190, -1.0%) 		-80,478 (+3,930, +4.7%) 6.86%
06/16/2026
91,951
(+5,740)
176,359
(+6,213)
106,794
(-1,241)
31,444
(-2,141)
20,027
(-62)
10,969
(+365)
270,752
(+4,437, +2.07%) 		-84,408 (-473, -0.6%) 3.56%
06/09/2026
86,211
(+1,382)
170,146
(-3,328)
108,035
(-3,490)
33,585
(+893)
20,089
(-735)
10,604
(-408)
274,331
(-2,843, -1.31%) 		-83,935 (+4,710, +5.3%) 3.96%
06/02/2026
84,829
(-3,254)
173,474
(+1,679)
111,525
(+5,852)
32,692
(+59)
20,824
(+250)
11,012
(+1,110)
276,892
(+2,848, +1.33%) 		-88,645 (-4,933, -5.9%) 0.0%
05/26/2026
88,083
(+4,572)
171,795
(+2,785)
105,673
(-1,810)
32,633
(+1,036)
20,574
(+2,119)
9,902
(+1,060)
266,243
(+4,881, +2.33%) 		-83,712 (+1,787, +2.1%) 2.83%
05/19/2026
83,511
(-1,027)
169,010
(-2,671)
107,483
(-1,285)
31,597
(-862)
18,455
(-2,346)
8,842
(-1,125)
257,964
(-4,658, -2.18%) 		-85,499 (+1,644, +1.9%) 1.35%
05/12/2026
84,538
(+1,709)
171,681
(+16,835)
108,768
(+12,507)
32,459
(-953)
20,801
(+2,947)
9,967
(+1,281)
259,808
(+17,163, +8.71%) 		-87,143 (-15,126, -21.0%) 0.0%
05/05/2026
82,829
(-3,407)
154,846
(-3,419)
96,261
(+3,742)
33,412
(+4,174)
17,854
(+991)
8,686
(+571)
232,609
(+1,326, +0.68%) 		-72,017 (+12, 0.0%) 8.36%
04/28/2026
86,236
(-1,619)
158,265
(+1,075)
92,519
(+2,377)
29,238
(-1,700)
16,863
(-3,554)
8,115
(-2,171)
230,596
(-2,796, -1.41%) 		-72,029 (-2,694, -3.9%) 8.35%
04/21/2026
87,855
(-1,099)
157,190
(+4,095)
90,142
(+3,840)
30,938
(-255)
20,417
(+1,106)
10,286
(+7)
250,504
(+3,847, +1.98%) 		-69,335 (-5,194, -8.1%) 10.68%
04/14/2026
88,954
(+4,935)
153,095
(+17,461)
86,302
(+13,665)
31,193
(-1,217)
19,311
(-1,277)
10,279
(+1,079)
245,595
(+17,323, +9.77%) 		-64,141 (-12,526, -24.3%) 15.15%
04/07/2026
84,019
(-527)
135,634
(+1,279)
72,637
(+1,530)
32,410
(+1,407)
20,588
(+140)
9,200
(-1,543)
224,634
(+1,143, +0.65%) 		-51,615 (-1,806, -3.6%) 25.96%
03/31/2026
84,546
(-6,326)
134,355
(-2,805)
71,107
(+2,616)
31,003
(+49)
20,448
(+1,252)
10,743
(+298)
220,756
(-2,458, -1.38%) 		-49,809 (-3,521, -7.6%) 27.51%
03/24/2026
90,872
(+3,533)
137,160
(-9,613)
68,491
(-10,023)
30,954
(+484)
19,196
(-1,929)
10,445
(+710)
221,772
(-8,419, -4.5%) 		-46,288 (+13,146, +22.1%) 30.55%
03/17/2026
87,339
(-313)
146,773
(-3,512)
78,514
(-3,859)
30,470
(-237)
21,125
(+947)
9,735
(+524)
231,319
(-3,225, -1.7%) 		-59,434 (+3,199, +5.1%) 19.21%
03/10/2026
87,652
(+2,171)
150,285
(-4,940)
82,373
(-6,730)
30,707
(-715)
20,178
(-303)
9,211
(+793)
235,322
(-4,862, -2.49%) 		-62,633 (+7,111, +10.2%) 16.46%
03/03/2026
85,481
(-4,767)
155,225
(-7,371)
89,103
(+1,030)
31,422
(+1,789)
20,481
(-4,829)
8,418
(-2,984)
244,932
(-8,566, -4.21%) 		-69,744 (+2,604, +3.6%) 10.32%
02/24/2026
90,248
(-1,325)
162,596
(-2,863)
88,073
(-1,626)
29,633
(-735)
25,310
(+983)
11,402
(+1,630)
261,235
(-1,968, -0.96%) 		-72,348 (+1,538, +2.1%) 8.08%
02/17/2026
91,573
(+6,336)
165,459
(+19,430)
89,699
(-4,741)
30,368
(-18,199)
24,327
(+714)
9,772
(+1,078)
272,967
(+2,309, +1.14%) 		-73,886 (-13,094, -21.5%) 6.75%
02/10/2026
85,237
(-2,003)
146,029
(-3,762)
94,440
(-2,967)
48,567
(-1,026)
23,613
(+299)
8,694
(+117)
270,792
(-4,671, -2.25%) 		-60,792 (+1,759, +2.8%) 18.04%
02/03/2026
87,240
(-749)
149,791
(-3,010)
97,407
(-3,993)
49,593
(-3,417)
23,314
(-2,349)
8,577
(-664)
278,845
(-7,091, -3.3%) 		-62,551 (+2,261, +3.5%) 16.53%
01/27/2026
87,989
(+1,912)
152,801
(-2,462)
101,400
(-231)
53,010
(+3,954)
25,663
(+773)
9,241
(+962)
278,219
(+2,454, +1.15%) 		-64,812 (+4,374, +6.3%) 14.58%
01/20/2026
86,077
(+3,699)
155,263
(+3,923)
101,631
(+4,216)
49,056
(+5,082)
24,890
(+383)
8,279
(-707)
278,431
(+8,298, +4.06%) 		-69,186 (-224, -0.3%) 10.8%
01/13/2026
82,378
(+784)
151,340
(-2,268)
97,415
(-4,309)
43,974
(+108)
24,507
(+1,017)
8,986
(-348)
269,813
(-2,508, -1.21%) 		-68,962 (+3,052, +4.2%) 11.0%
01/06/2026
81,594
(+2,866)
153,608
(+2,172)
101,724
(-1,051)
43,866
(+930)
23,490
(+1,321)
9,334
(+34)
267,027
(+3,136, +1.54%) 		-72,014 (+694, +1.0%) 8.37%
12/30/2025
78,728
(-1,001)
151,436
(-8,739)
102,775
(-5,303)
42,936
(+1,946)
22,169
(-94)
9,300
(+395)
260,139
(-6,398, -3.05%) 		-72,708 (+7,738, +9.6%) 7.77%
12/23/2025
79,729
(+10,614)
160,175
(+12,181)
108,078
(-238)
40,990
(-2,500)
22,263
(-762)
8,905
(-67)
267,343
(+9,614, +4.8%) 		-80,446 (-1,567, -2.0%) 1.1%
12/16/2025
69,115
(+2,977)
147,994
(+5,673)
108,316
(+1,468)
43,490
(-879)
23,025
(+849)
8,972
(+500)
256,887
(+5,294, +2.71%) 		-78,879 (-2,696, -3.5%) 2.45%
12/09/2025
66,138
(-2,403)
142,321
(+7,264)
106,848
(+8,016)
44,369
(-1,050)
22,176
(+788)
8,472
(+187)
250,821
(+6,401, +3.39%) 		-76,183 (-9,667, -14.5%) 4.77%
12/02/2025
68,541
(-3,451)
135,057
(+9,064)
98,832
(+6,712)
45,419
(-3,064)
21,388
(+1,202)
8,285
(-1,537)
242,931
(+4,463, +2.42%) 		-66,516 (-12,515, -23.2%) 13.11%
11/25/2025
71,992
(-4,406)
125,993
(-13,525)
92,120
(-7,519)
48,483
(+803)
20,186
(-518)
9,822
(+279)
233,461
(-12,443, -6.32%) 		-54,001 (+9,119, +14.4%) 23.9%
11/18/2025
76,398
(+192)
139,518
(-5,544)
99,639
(-3,069)
47,680
(+498)
20,704
(-2,086)
9,543
(+83)
251,537
(-4,963, -2.46%) 		-63,120 (+5,736, +8.3%) 16.04%
11/10/2025
76,206
(-3,780)
145,062
(-3,508)
102,708
(-304)
47,182
(+545)
22,790
(+817)
9,460
(-304)
265,474
(-3,267, -1.59%) 		-68,856 (-272, -0.4%) 11.09%
11/04/2025
79,986
(-6,843)
148,570
(+938)
103,012
(+5,110)
46,637
(-2,171)
21,973
(+759)
9,764
(+259)
269,926
(-974, -0.47%) 		-68,584 (-7,781, -12.8%) 11.32%
10/28/2025
86,829
(+3,489)
147,632
(+12,159)
97,902
(+8,136)
48,808
(+253)
21,214
(+1,033)
9,505
(+246)
272,068
(+12,658, +6.55%) 		-60,803 (-8,670, -16.6%) 18.03%
10/21/2025
83,340
(+8,132)
135,473
(+7,022)
89,766
(-3,777)
48,555
(-2,361)
20,181
(-875)
9,259
(-1,181)
258,680
(+3,480, +1.83%) 		-52,133 (+1,110, +2.1%) 25.51%
10/14/2025
75,208
(-304)
128,451
(+2,067)
93,543
(+1,023)
50,916
(-2,535)
21,056
(-1,449)
10,440
(-262)
252,089
(-730, -0.38%) 		-53,243 (-2,371, -4.7%) 24.55%
10/07/2025
75,512
(+4,332)
126,384
(+12,654)
92,520
(+13,109)
53,451
(+6,606)
22,505
(+1,798)
10,702
(-21)
250,850
(+19,239, +11.23%) 		-50,872 (-8,322, -19.6%) 26.6%
09/30/2025
71,180
(-646)
113,730
(+3,651)
79,411
(+6,660)
46,845
(+4,324)
20,707
(+3,180)
10,723
(+1,219)
230,658
(+9,194, +5.67%) 		-42,550 (-4,297, -11.2%) 33.77%
09/23/2025
71,826
(+1,836)
110,079
(+1,665)
72,751
(+3,381)
42,521
(+3,499)
17,527
(-94)
9,504
(-41)
227,318
(+5,123, +3.26%) 		-38,253 (+171, +0.4%) 37.48%
09/16/2025
69,990
(+4,938)
108,414
(+7,347)
69,370
(+5,077)
39,022
(+1,970)
17,621
(+451)
9,545
(+1,149)
221,011
(+10,466, +7.14%) 		-38,424 (-2,409, -6.7%) 37.33%
09/09/2025
65,052
(+1,932)
101,067
(+3,997)
64,293
(+3,249)
37,052
(+1,666)
17,170
(-562)
8,396
(-1,044)
208,356
(+4,619, +3.26%) 		-36,015 (-2,065, -6.1%) 39.41%
09/02/2025
63,120
(-3,102)
97,070
(-4,146)
61,044
(+4,282)
35,386
(+4,854)
17,732
(+177)
9,440
(+649)
195,673
(+1,357, +0.97%) 		-33,950 (+1,044, +3.0%) 41.19%
08/26/2025
66,222
(-2,147)
101,216
(-2,518)
56,762
(+71)
30,532
(-127)
17,555
(-1,312)
8,791
(-743)
190,049
(-3,388, -2.35%) 		-34,994 (+371, +1.0%) 40.29%
08/19/2025
68,369
(+4,514)
103,734
(+1,846)
56,691
(-2,111)
30,659
(+68)
18,867
(-149)
9,534
(+340)
195,080
(+2,254, +1.59%) 		-35,365 (+2,668, +7.0%) 39.97%
08/12/2025
63,855
(-2,048)
101,888
(+3,223)
58,802
(+3,873)
30,591
(-3,652)
19,016
(-1,132)
9,194
(+1,122)
193,751
(+693, +0.49%) 		-38,033 (-5,271, -16.1%) 37.67%
08/05/2025
65,903
(-1,329)
98,665
(-5,643)
54,929
(-19,721)
34,243
(-3,060)
20,148
(+6,233)
8,072
(-6,114)
197,933
(-14,817, -9.51%) 		-32,762 (+4,314, +11.6%) 42.21%
07/29/2025
67,232
(+1,017)
104,308
(-2,521)
74,650
(-2,987)
37,303
(-512)
13,915
(-1,864)
14,186
(-801)
228,444
(-3,834, -2.4%) 		-37,076 (+3,538, +8.7%) 38.49%
07/22/2025
66,215
(+2,953)
106,829
(+1,542)
77,637
(+2,214)
37,815
(+3,116)
15,779
(-10)
14,987
(+499)
228,192
(+5,157, +3.34%) 		-40,614 (+1,411, +3.4%) 35.44%
07/15/2025
63,262
(-1,207)
105,287
(-284)
75,423
(-5,420)
34,699
(-6,540)
15,789
(+1,254)
14,488
(+1,451)
224,583
(-5,373, -3.36%) 		-42,025 (-923, -2.2%) 34.22%
Price data: Database (20,031 records) Futures Continuous
COT data: CFTC • Updated weekly on Fridays