Speculative Longs in Copper Rise on Tight Supply, ING Says
Speculative net long positions in LME copper have increased significantly, driven by tight supply conditions, according to ING strategists Warren Patterson and Ewa Manthey.
ING strategists Warren Patterson and Ewa Manthey highlight a notable rise in speculative net long positions in LME copper based on the latest Commitments of Traders report (COTR).
The increase is attributed to tight supply conditions, reinforcing the bullish positioning among speculators.
Source: FXStreet Forex News