Mumbai, June 16 -- COMEX Copper futures zoomed higher to hit highest in one and half week as firm equities boosted the metal. However, profit selling at higher levels capped upside. COMEX Copper is down 0.55% at $6.47 per pound. Base metal speculators reduced their longs in the Copper futures market, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds and retailers totaled a net long position of 74450 contracts in the data reported through June 9, 2026, slipping by 4383 contracts and coming off a five-year high.
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