Historical Year Data · 2016
Copper Net Speculative Positioning in 2016
Copper Net Speculative Positioning opened 2016 at -31,813 and closed at 45,763, a +243.85% move for the year. The high of 61,115 was reached on December 13, and the low of -44,811 on June 14.
Open
-31,813
2016-01
Close
45,763
52 data points
High
61,115
Dec 13
Low
-44,811
Jun 14
Full Year Change
+243.85%
2015 Change
+27.04%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | -31,813 | -36,827 | -31,813 | -43,406 | -15.76% |
| Feb | -35,511 | -22,947 | -22,947 | -35,511 | +35.38% |
| Mar | -24,616 | -4,426 | 918 | -24,616 | +82.02% |
| Apr | -10,085 | -8,076 | -8,076 | -24,516 | +19.92% |
| May | -7,460 | -38,827 | -7,460 | -41,053 | -420.47% |
| Jun | -39,294 | -19,814 | -19,814 | -44,811 | +49.57% |
| Jul | -19,469 | 4,818 | 4,818 | -19,469 | +124.75% |
| Aug | 2,682 | -21,873 | 2,682 | -21,873 | -915.55% |
| Sep | -30,225 | -2,090 | -2,090 | -30,225 | +93.09% |
| Oct | 899 | -13,754 | 4,326 | -13,754 | -1629.92% |
| Nov | 11,298 | 53,361 | 53,361 | 11,298 | +372.30% |
| Dec | 56,391 | 45,763 | 61,115 | 45,763 | -18.85% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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