Copper
Copper
Week of May 12, 2026
BULLISH
Smart money is net long and buying more.
2Y percentile: 97th — Extremely high (historically rare)
Weekly change: +11,015 contracts
Weekly Changes
Producer/Merchant-13.3K
Managed Money+11.0K
Swap Dealer-1.8K
Other Reportable+2.4K
Positioning Percentile (2Y)
Producer/Merchant
0thExtremely low (historically rare)
050100
Managed Money
97thExtremely high (historically rare)
050100
Swap Dealer
94thExtremely high (historically rare)
050100
Other Reportable
63rdAbove average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Producer/Merchant | -114.7K | -13.3K | 0th | 0th |
| Managed Money | +74.5K | +11.0K | 97th | 99th |
| Swap Dealer | +27.6K | -1.8K | 94th | 41st |
| Other Reportable | +1.8K | +2.4K | 63rd | 82nd |
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.