Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 2,311 contracts of net bullish exposure this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is building higher. Positioning remains in a neutral historical zone on a 52-week basis. Within the selected 52 weeks range, positioning sits around the 34.6 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 34.62%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Positioning and price action are not showing a strong divergence signal this week.
| Participant Group | Long | Short | Spreading | Net | Weekly Change | 13-Week Avg | 52-Week High | 52-Week Low | Percentile | Bias |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Commercial | 56,740 | 80,108 | 7,375 | -23,368 | +2,311 | -22,510 | -7,943 | -40,665 | 34.62% | Bearish |
| Commercial | 7,962 | 0 | 0 | +7,962 | -37 | 7,751 | 8,131 | 1,000 | 84.62% | Bullish hedge bias |
| Non-Reportable | 43,236 | 27,830 | 0 | +15,406 | -2,274 | 14,759 | 39,169 | 3,519 | 59.62% | Bullish |
| Total | 72,077 | 87,483 | 0 | -15,406 | +2,274 | -14,759 | -3,519 | -39,169 | 42.31% | Bearish |
