Copper: Bull Market or Accident Waiting to Happen Trading at much higher volatility than beta, lagging in performance and with hedge funds way long may describe copper. The last time CME copper managed-money net-longs exceeded 77,796 contracts as of Aug. 7 was on the way up after bottoming near $2 a pound in 2020. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tjjto7vttd19 {BI COMD} #copper #stpckmarket #futures @Bloomberg(Mike McGlone)