Gold Ten Futures, July 30, London Metal Exchange (LME) futures and options data show that speculators have reduced LME copper net longs by 5,760 contracts to 65,467 contracts in the week ending July 26, the lowest level in more than five months.

Gold Ten Futures, July 30, London Metal Exchange (LME) futures and options data show that in the week ended July 26, speculators have reduced the net long of LME copper by 5,760 contracts to 65,467 contracts, the lowest level in more than five months. Long-only long positions decreased by 4,677 contracts to 400,593 contracts, the lowest level in more than 18 weeks. Short-only positions increased by 1,083 contracts to 335,126 contracts.