Copper Futures Open Interest in 2012
Copper Futures Open Interest opened 2012 at 120,794 and closed at 146,548, a +21.32% move for the year. The high of 164,491 was reached on February 14, and the low of 120,794 on January 3.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 120,794 | 151,787 | 151,787 | 120,794 | +25.66% |
| Feb | 160,030 | 153,312 | 164,491 | 153,312 | -4.20% |
| Mar | 152,741 | 152,037 | 154,394 | 150,968 | -0.46% |
| Apr | 156,569 | 159,256 | 159,256 | 148,468 | +1.72% |
| May | 144,241 | 148,694 | 150,189 | 144,241 | +3.09% |
| Jun | 156,252 | 146,442 | 156,252 | 144,845 | -6.28% |
| Jul | 135,682 | 142,774 | 142,774 | 134,099 | +5.23% |
| Aug | 145,059 | 145,214 | 156,244 | 145,059 | +0.11% |
| Sep | 136,512 | 152,263 | 152,263 | 136,512 | +11.54% |
| Oct | 152,264 | 156,569 | 156,569 | 150,296 | +2.83% |
| Nov | 155,396 | 145,313 | 155,396 | 145,313 | -6.49% |
| Dec | 143,993 | 146,548 | 153,815 | 143,993 | +1.77% |
Events During 2012
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.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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