Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Crowded shortLarge speculators are net short but reduced net bullish exposure by 2,256 contracts this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is fading lower. Positioning is crowded short versus the 52-week history. Within the selected 52 weeks range, positioning sits around the 13.5 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 13.46%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Current speculative net positioning is at an extreme relative to the last 52 weeks.
| Participant Group | Long | Short | Spreading | Net | Weekly Change | 13-Week Avg | 52-Week High | 52-Week Low | Percentile | Bias |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Commercial | 46,462 | 73,474 | 2,612 | -27,012 | -2,256 | -19,651 | -7,943 | -40,665 | 13.46% | Bearish |
| Commercial | 8,131 | 0 | 0 | +8,131 | +98 | 7,546 | 8,131 | 431 | 100.00% | Bullish hedge bias |
| Non-Reportable | 44,091 | 25,210 | 0 | +18,881 | +2,158 | 12,105 | 39,169 | 3,519 | 82.69% | Bullish |
| Total | 57,205 | 76,086 | 0 | -18,881 | -2,158 | -12,105 | -3,519 | -39,169 | 19.23% | Bearish |
