TRIPLE BOTTOM. Wait for pull back to dotted line and go long.
Large precious metals speculators cut back on their bearish net positions in the Copper Futures markets this week after a streak of rising bearish bets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of -23,952 contracts in the data reported through Tuesday, June 18th. This was a weekly change of 6,569 net contracts from the previous week which had a total of -30,521 net contracts
Large precious metals speculators cut back on their bearish net positions in the Copper Futures markets this week after a streak of rising bearish bets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of -23,952 contracts in the data reported through Tuesday, June 18th. This was a weekly change of 6,569 net contracts from the previous week which had a total of -30,521 net contracts