Metals

Copper COT Positioning

As of Oct 6, 2026, commercial hedgers are net short at -77,923 contracts and added to their position by +16,918 week over week.

Latest: Oct 6, 2026
Coverage: Oct 19, 2021 - Oct 6, 2026
Weeks: 260

Commercial net

-77,923

Net short

Week over week

+16,918

Added

Large specs

+69,434

Retail

+8,489

Percentile

8th

Historic low

Net positioning

Commercials vs large speculators

260 weeks

Recent weeks

Week	Commercial net	Large spec net	Retail net
Oct 6, 2026	-77,923	+69,434	+8,489
Sep 29, 2026	-94,841	+85,411	+9,430
Sep 22, 2026	-100,435	+90,522	+9,913
Sep 15, 2026	-84,387	+75,134	+9,253

Embed this chart

<iframe src="https://www.analytics-fx.com/embed/cot/copper" title="Copper COT positioning" width="480" height="240" style="border:0;border-radius:8px;overflow:hidden" loading="lazy"></iframe>

Explore further

Open in the terminal →All COT reports

COPPER commercial and large speculator net positioning from Oct 19, 2021 to Oct 6, 2026, with a 10th-90th percentile band
Week	Commercial net	Large spec net
2021-10-19	-46208	40584
2021-10-26	-45870	37279
2021-11-02	-41294	32335
2021-11-09	-33194	22789
2021-11-16	-30805	20337
2021-11-23	-20941	13722
2021-11-30	-15763	9191
2021-12-07	-14219	7204
2021-12-14	-13108	6697
2021-12-21	-9777	4437
2021-12-28	-19679	14383
2022-01-04	-24845	19759
2022-01-11	-22541	16706
2022-01-18	-30538	22310
2022-01-25	-32836	26481
2022-02-01	-21053	16155
2022-02-08	-25523	18855
2022-02-15	-39421	30692
2022-02-22	-34754	25575
2022-03-01	-29380	22093
2022-03-08	-40070	31819
2022-03-15	-26717	19030
2022-03-22	-34604	26812
2022-03-29	-37333	30581
2022-04-05	-43039	36142
2022-04-12	-29249	23350
2022-04-19	-28307	18840
2022-04-26	-3151	-3785
2022-05-03	10080	-15623
2022-05-10	19249	-22626
2022-05-17	23059	-24408
2022-05-24	19288	-19633
2022-05-31	15425	-18025
2022-06-07	879	-3714
2022-06-14	10287	-13797
2022-06-21	18928	-20938
2022-06-28	31197	-30696
2022-07-05	31340	-31796
2022-07-12	27061	-26295
2022-07-19	23745	-23836
2022-07-26	26839	-26562
2022-08-02	27672	-27406
2022-08-09	27700	-28477
2022-08-16	28932	-28220
2022-08-23	21231	-18990
2022-08-30	24985	-23255
2022-09-06	26820	-23990
2022-09-13	20512	-18986
2022-09-20	23215	-20286
2022-09-27	28884	-27756
2022-10-04	18023	-18251
2022-10-11	16903	-15899
2022-10-18	19696	-20302
2022-10-25	15907	-16919
2022-11-01	7998	-7484
2022-11-08	-3426	2913
2022-11-15	-13583	9821
2022-11-22	-6113	3104
2022-11-29	-3362	1984
2022-12-06	-4354	1679
2022-12-13	-6559	2556
2022-12-20	-3507	775
2022-12-27	-4701	724
2023-01-03	-163	-4675
2023-01-10	-16253	10227
2023-01-17	-22695	16238
2023-01-24	-26542	20170
2023-01-31	-24414	17215
2023-02-07	-11187	2505
2023-02-14	-2302	-5511
2023-02-21	-8510	2049
2023-02-28	-31	-6038
2023-03-07	-912	-7720
2023-03-14	7107	-14156
2023-03-21	7536	-12351
2023-03-28	-4924	-1545
2023-04-04	-4897	-2954
2023-04-11	-1217	-4303
2023-04-18	-16280	8934
2023-04-25	8304	-17042
2023-05-02	15936	-21742
2023-05-09	19732	-24865
2023-05-16	28695	-32607
2023-05-23	27496	-29808
2023-05-30	34259	-35702
2023-06-06	24610	-25956
2023-06-13	12660	-12906
2023-06-20	-4003	1888
2023-06-27	-6439	2940
2023-07-03	6613	-8762
2023-07-11	7915	-11157
2023-07-18	-1054	-3550
2023-07-25	-3904	1159
2023-08-01	-18149	10744
2023-08-08	4908	-10057
2023-08-15	20665	-25698
2023-08-22	22499	-24615
2023-08-29	15487	-16616
2023-09-05	4659	-6770
2023-09-12	9886	-12334
2023-09-19	12312	-16300
2023-09-26	27192	-28779
2023-10-03	19952	-21912
2023-10-10	14192	-14755
2023-10-17	23308	-25889
2023-10-24	21401	-20760
2023-10-31	18395	-17161
2023-11-07	11051	-10288
2023-11-14	16449	-16608
2023-11-21	5535	-3543
2023-11-28	4912	-3872
2023-12-05	2139	-1994
2023-12-12	5131	-4004
2023-12-19	-7646	5559
2023-12-26	-10156	7077
2024-01-02	-11638	8617
2024-01-09	9029	-13167
2024-01-16	22851	-25306
2024-01-23	27695	-29923
2024-01-30	7271	-8598
2024-02-06	10888	-13710
2024-02-13	30426	-32697
2024-02-20	16208	-15942
2024-02-27	280	-1603
2024-03-05	2708	-5327
2024-03-12	-7445	5427
2024-03-19	-39502	31925
2024-03-26	-30844	23083
2024-04-02	-28946	20296
2024-04-09	-49506	42694
2024-04-16	-56086	47569
2024-04-23	-66195	58394
2024-04-30	-66642	58064
2024-05-07	-70012	62648
2024-05-14	-69656	61780
2024-05-21	-81717	71694
2024-05-28	-76754	65522
2024-06-04	-74715	61127
2024-06-11	-73291	61288
2024-06-18	-64515	52621
2024-06-25	-62465	50126
2024-07-02	-62127	49223
2024-07-09	-67549	56031
2024-07-16	-69858	58900
2024-07-23	-52630	42220
2024-07-30	-35663	24475
2024-08-06	-28281	19598
2024-08-13	-24403	15797
2024-08-20	-28005	20274
2024-08-27	-26002	17145
2024-09-03	-18964	12961
2024-09-10	-18448	12812
2024-09-17	-25602	19682
2024-09-24	-39627	33130
2024-10-01	-50840	43192
2024-10-08	-52304	43096
2024-10-15	-45219	35522
2024-10-22	-43860	32455
2024-10-29	-34239	23739
2024-11-05	-34211	23670
2024-11-12	-30413	20845
2024-11-19	-21842	15442
2024-11-26	-15761	9925
2024-12-03	-14783	10466
2024-12-10	-16889	10959
2024-12-17	-11750	5940
2024-12-24	-7997	1804
2024-12-31	-5902	759
2025-01-07	-6423	4270
2025-01-14	-14543	11838
2025-01-21	-21729	16663
2025-01-28	-18357	13045
2025-02-04	-18710	15421
2025-02-11	-24842	20896
2025-02-18	-24720	22063
2025-02-25	-22608	19022
2025-03-04	-16189	13012
2025-03-11	-22056	18598
2025-03-18	-27552	25192
2025-03-25	-34530	34104
2025-04-01	-31109	30025
2025-04-08	-21429	24241
2025-04-15	-20172	19477
2025-04-22	-23650	24765
2025-04-29	-20064	19369
2025-05-06	-22355	21703
2025-05-13	-24343	21522
2025-05-20	-23423	21038
2025-05-27	-26075	22581
2025-06-03	-27013	24094
2025-06-10	-30284	26351
2025-06-17	-28683	23800
2025-06-24	-31719	29433
2025-07-01	-37293	33690
2025-07-08	-41102	39604
2025-07-15	-42025	40724
2025-07-22	-40614	39822
2025-07-29	-37076	37347
2025-08-05	-32762	20686
2025-08-12	-38033	28211
2025-08-19	-35365	26032
2025-08-26	-34994	26230
2025-09-02	-33950	25658
2025-09-09	-36015	27241
2025-09-16	-38424	30348
2025-09-23	-38253	30230
2025-09-30	-42550	32566
2025-10-07	-50872	39069
2025-10-14	-53243	42627
2025-10-21	-52133	41211
2025-10-28	-60803	49094
2025-11-04	-68584	56375
2025-11-10	-68856	55526
2025-11-18	-63120	51959
2025-11-25	-54001	43637
2025-12-02	-66516	53413
2025-12-09	-76183	62479
2025-12-16	-78879	64826
2025-12-23	-80446	67088
2025-12-30	-72708	59839
2026-01-06	-72014	57858
2026-01-13	-68962	53441
2026-01-20	-69186	52575
2026-01-27	-64812	48390
2026-02-03	-62551	47814
2026-02-10	-60792	45873
2026-02-17	-73886	59331
2026-02-24	-72348	58440
2026-03-03	-69744	57681
2026-03-10	-62633	51666
2026-03-17	-59434	48044
2026-03-24	-46288	37537
2026-03-31	-49809	40104
2026-04-07	-51615	40227
2026-04-14	-64141	55109
2026-04-21	-69335	59204
2026-04-28	-72029	63281
2026-05-05	-72017	62849
2026-05-12	-87143	76309
2026-05-19	-85499	75886
2026-05-26	-83712	73040
2026-06-02	-88645	78833
2026-06-09	-83935	74450
2026-06-16	-84408	75350
2026-06-23	-80478	71620
2026-06-30	-73094	64788
2026-07-07	-73170	64272
2026-07-14	-73616	64385
2026-07-21	-82112	73977
2026-07-28	-76161	67281
2026-08-04	-86169	77123
2026-08-11	-91246	80388
2026-08-18	-90140	79748
2026-08-25	-95049	85266
2026-09-01	-92107	80869
2026-09-08	-104644	92476
2026-09-15	-84387	75134
2026-09-22	-100435	90522
2026-09-29	-94841	85411
2026-10-06	-77923	69434

COPPER commercial and large speculator net positioning from Oct 19, 2021 to Oct 6, 2026, with a 10th-90th percentile band

Week

Commercial net

Large spec net

2021-10-19

-46208

40584

2021-10-26

-45870

37279

2021-11-02

-41294

32335

2021-11-09

-33194

22789

2021-11-16

-30805

20337

2021-11-23

-20941

13722

2021-11-30

-15763

9191

2021-12-07

-14219

7204

2021-12-14

-13108

6697

2021-12-21

-9777

4437

2021-12-28

-19679

14383

2022-01-04

-24845

19759

2022-01-11

-22541

16706

2022-01-18

-30538

22310

2022-01-25

-32836

26481

2022-02-01

-21053

16155

2022-02-08

-25523

18855

2022-02-15

-39421

30692

2022-02-22

-34754

25575

2022-03-01

-29380

22093

2022-03-08

-40070

31819

2022-03-15

-26717

19030

2022-03-22

-34604

26812

2022-03-29

-37333

30581

2022-04-05

-43039

36142

2022-04-12

-29249

23350

2022-04-19

-28307

18840

2022-04-26

-3151

-3785

2022-05-03

10080

-15623

2022-05-10

19249

-22626

2022-05-17

23059

-24408

2022-05-24

19288

-19633

2022-05-31

15425

-18025

2022-06-07

879

-3714

2022-06-14

10287

-13797

2022-06-21

18928

-20938

2022-06-28

31197

-30696

2022-07-05

31340

-31796

2022-07-12

27061

-26295

2022-07-19

23745

-23836

2022-07-26

26839

-26562

2022-08-02

27672

-27406

2022-08-09

27700

-28477

2022-08-16

28932

-28220

2022-08-23

21231

-18990

2022-08-30

24985

-23255

2022-09-06

26820

-23990

2022-09-13

20512

-18986

2022-09-20

23215

-20286

2022-09-27

28884

-27756

2022-10-04

18023

-18251

2022-10-11

16903

-15899

2022-10-18

19696

-20302

2022-10-25

15907

-16919

2022-11-01

7998

-7484

2022-11-08

-3426

2913

2022-11-15

-13583

9821

2022-11-22

-6113

3104

2022-11-29

-3362

1984

2022-12-06

-4354

1679

2022-12-13

-6559

2556

2022-12-20

-3507

775

2022-12-27

-4701

724

2023-01-03

-163

-4675

2023-01-10

-16253

10227

2023-01-17

-22695

16238

2023-01-24

-26542

20170

2023-01-31

-24414

17215

2023-02-07

-11187

2505

2023-02-14

-2302

-5511

2023-02-21

-8510

2049

2023-02-28

-31

-6038

2023-03-07

-912

-7720

2023-03-14

7107

-14156

2023-03-21

7536

-12351

2023-03-28

-4924

-1545

2023-04-04

-4897

-2954

2023-04-11

-1217

-4303

2023-04-18

-16280

8934

2023-04-25

8304

-17042

2023-05-02

15936

-21742

2023-05-09

19732

-24865

2023-05-16

28695

-32607

2023-05-23

27496

-29808

2023-05-30

34259

-35702

2023-06-06

24610

-25956

2023-06-13

12660

-12906

2023-06-20

-4003

1888

2023-06-27

-6439

2940

2023-07-03

6613

-8762

2023-07-11

7915

-11157

2023-07-18

-1054

-3550

2023-07-25

-3904

1159

2023-08-01

-18149

10744

2023-08-08

4908

-10057

2023-08-15

20665

-25698

2023-08-22

22499

-24615

2023-08-29

15487

-16616

2023-09-05

4659

-6770

2023-09-12

9886

-12334

2023-09-19

12312

-16300

2023-09-26

27192

-28779

2023-10-03

19952

-21912

2023-10-10

14192

-14755

2023-10-17

23308

-25889

2023-10-24

21401

-20760

2023-10-31

18395

-17161

2023-11-07

11051

-10288

2023-11-14

16449

-16608

2023-11-21

5535

-3543

2023-11-28

4912

-3872

2023-12-05

2139

-1994

2023-12-12

5131

-4004

2023-12-19

-7646

5559

2023-12-26

-10156

7077

2024-01-02

-11638

8617

2024-01-09

9029

-13167

2024-01-16

22851

-25306

2024-01-23

27695

-29923

2024-01-30

7271

-8598

2024-02-06

10888

-13710

2024-02-13

30426

-32697

2024-02-20

16208

-15942

2024-02-27

280

-1603

2024-03-05

2708

-5327

2024-03-12

-7445

5427

2024-03-19

-39502

31925

2024-03-26

-30844

23083

2024-04-02

-28946

20296

2024-04-09

-49506

42694

2024-04-16

-56086

47569

2024-04-23

-66195

58394

2024-04-30

-66642

58064

2024-05-07

-70012

62648

2024-05-14

-69656

61780

2024-05-21

-81717

71694

2024-05-28

-76754

65522

2024-06-04

-74715

61127

2024-06-11

-73291

61288

2024-06-18

-64515

52621

2024-06-25

-62465

50126

2024-07-02

-62127

49223

2024-07-09

-67549

56031

2024-07-16

-69858

58900

2024-07-23

-52630

42220

2024-07-30

-35663

24475

2024-08-06

-28281

19598

2024-08-13

-24403

15797

2024-08-20

-28005

20274

2024-08-27

-26002

17145

2024-09-03

-18964

12961

2024-09-10

-18448

12812

2024-09-17

-25602

19682

2024-09-24

-39627

33130

2024-10-01

-50840

43192

2024-10-08

-52304

43096

2024-10-15

-45219

35522

2024-10-22

-43860

32455

2024-10-29

-34239

23739

2024-11-05

-34211

23670

2024-11-12

-30413

20845

2024-11-19

-21842

15442

2024-11-26

-15761

9925

2024-12-03

-14783

10466

2024-12-10

-16889

10959

2024-12-17

-11750

5940

2024-12-24

-7997

1804

2024-12-31

-5902

759

2025-01-07

-6423

4270

2025-01-14

-14543

11838

2025-01-21

-21729

16663

2025-01-28

-18357

13045

2025-02-04

-18710

15421

2025-02-11

-24842

20896

2025-02-18

-24720

22063

2025-02-25

-22608

19022

2025-03-04

-16189

13012

2025-03-11

-22056

18598

2025-03-18

-27552

25192

2025-03-25

-34530

34104

2025-04-01

-31109

30025

2025-04-08

-21429

24241

2025-04-15

-20172

19477

2025-04-22

-23650

24765

2025-04-29

-20064

19369

2025-05-06

-22355

21703

2025-05-13

-24343

21522

2025-05-20

-23423

21038

2025-05-27

-26075

22581

2025-06-03

-27013

24094

2025-06-10

-30284

26351

2025-06-17

-28683

23800

2025-06-24

-31719

29433

2025-07-01

-37293

33690

2025-07-08

-41102

39604

2025-07-15

-42025

40724

2025-07-22

-40614

39822

2025-07-29

-37076

37347

2025-08-05

-32762

20686

2025-08-12

-38033

28211

2025-08-19

-35365

26032

2025-08-26

-34994

26230

2025-09-02

-33950

25658

2025-09-09

-36015

27241

2025-09-16

-38424

30348

2025-09-23

-38253

30230

2025-09-30

-42550

32566

2025-10-07

-50872

39069

2025-10-14

-53243

42627

2025-10-21

-52133

41211

2025-10-28

-60803

49094

2025-11-04

-68584

56375

2025-11-10

-68856

55526

2025-11-18

-63120

51959

2025-11-25

-54001

43637

2025-12-02

-66516

53413

2025-12-09

-76183

62479

2025-12-16

-78879

64826

2025-12-23

-80446

67088

2025-12-30

-72708

59839

2026-01-06

-72014

57858

2026-01-13

-68962

53441

2026-01-20

-69186

52575

2026-01-27

-64812

48390

2026-02-03

-62551

47814

2026-02-10

-60792

45873

2026-02-17

-73886

59331

2026-02-24

-72348

58440

2026-03-03

-69744

57681

2026-03-10

-62633

51666

2026-03-17

-59434

48044

2026-03-24

-46288

37537

2026-03-31

-49809

40104

2026-04-07

-51615

40227

2026-04-14

-64141

55109

2026-04-21

-69335

59204

2026-04-28

-72029

63281

2026-05-05

-72017

62849

2026-05-12

-87143

76309

2026-05-19

-85499

75886

2026-05-26

-83712

73040

2026-06-02

-88645

78833

2026-06-09

-83935

74450

2026-06-16

-84408

75350

2026-06-23

-80478

71620

2026-06-30

-73094

64788

2026-07-07

-73170

64272

2026-07-14

-73616

64385

2026-07-21

-82112

73977

2026-07-28

-76161

67281

2026-08-04

-86169

77123

2026-08-11

-91246

80388

2026-08-18

-90140

79748

2026-08-25

-95049

85266

2026-09-01

-92107

80869

2026-09-08

-104644

92476

2026-09-15

-84387

75134

2026-09-22

-100435

90522

2026-09-29

-94841

85411

2026-10-06

-77923

69434