Copper
Copper
Week of August 11, 2026
BULLISH
Smart money is net long and buying more.
2Y percentile: 100th — Extremely high (historically rare)
Weekly change: +3,269 contracts
Weekly Changes
Producer/Merchant-4.7K
Managed Money+3.3K
Swap Dealer-404
Other Reportable-4
Positioning Percentile (2Y)
Producer/Merchant
9thExtremely low (historically rare)
050100
Managed Money
100thExtremely high (historically rare)
050100
Swap Dealer
7thExtremely low (historically rare)
050100
Other Reportable
59thNormal range
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -97.5K | -4.7K | 9th | 4th |
| Managed Money | +79.0K | +3.3K | 100th | 100th |
| Swap Dealer | +6.3K | -404 | 7th | 3rd |
| Other Reportable | +1.4K | -4 | 59th | 77th |
About Copper Positioning
Dr. Copper — the metal with a PhD in economics. Copper positioning is one of the best real-time reads on global industrial demand. When managed money goes long copper, they're betting on construction, manufacturing, and infrastructure spending. Divergences between copper and equity positioning often signal turning points.