Copper
Copper
Week of March 31, 2026
MIXED
Smart money is net long and buying more.
2Y percentile: 60th — Normal range
Weekly change: +3,888 contracts
Weekly Changes
Producer/Merchant-5.3K
Managed Money+3.9K
Swap Dealer+1.8K
Other Reportable-1.3K
Positioning Percentile (2Y)
Producer/Merchant
31stBelow average
050100
Managed Money
60thNormal range
050100
Swap Dealer
99thExtremely high (historically rare)
050100
Other Reportable
59thNormal range
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -77.3K | -5.3K | 31st | 18th |
| Managed Money | +39.2K | +3.9K | 60th | 79th |
| Swap Dealer | +27.5K | +1.8K | 99th | 41st |
| Other Reportable | +932 | -1.3K | 59th | 80th |
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.