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데이터 기준일: 2026-11-06 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

Copper(CU2612) Deep Analysis | Bearish: Positioning Breaks Below 20-Day Low, Active Short Selling | 2026-11-08

Copper(CU2612) is bearish. Core logic: Price increased and broke below the previous 20-day low of 105350, with short sellers actively driving the price down; LME inventory accumulated by nearly 83,650 tons over the last 20 days, putting pressure on international spot premiums to retreat; The net short position of the top 20 holders has expanded to 17,201 contracts, and COT managed funds' net long position has declined for four consecutive weeks. Invalidated condition: Daily close above the pivot R1 106186.67.