Copper Futures Open Interest in 2011
Copper Futures Open Interest opened 2011 at 166,289 and closed at 117,153, a -29.55% move for the year. The high of 166,289 was reached on January 4, and the low of 112,374 on November 29.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 166,289 | 155,810 | 166,289 | 155,810 | -6.30% |
| Feb | 160,259 | 151,893 | 162,263 | 151,893 | -5.22% |
| Mar | 147,581 | 135,882 | 147,581 | 133,713 | -7.93% |
| Apr | 134,293 | 130,849 | 142,085 | 130,849 | -2.56% |
| May | 125,898 | 123,919 | 125,898 | 119,749 | -1.57% |
| Jun | 122,995 | 124,236 | 133,849 | 122,995 | +1.01% |
| Jul | 138,627 | 156,140 | 156,140 | 138,627 | +12.63% |
| Aug | 156,089 | 115,815 | 156,089 | 115,815 | -25.80% |
| Sep | 115,872 | 119,891 | 125,531 | 115,872 | +3.47% |
| Oct | 121,499 | 129,893 | 129,893 | 121,499 | +6.91% |
| Nov | 126,363 | 112,374 | 129,991 | 112,374 | -11.07% |
| Dec | 113,252 | 117,153 | 117,153 | 113,252 | +3.44% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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