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 1,023 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 1.9 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 1.92%. 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 | 101,057 | 229,372 | 1,277 | -128,315 | -1,023 | -65,827 | 85,644 | -128,315 | 1.92% | Bearish |
| Commercial | 190,329 | 79,094 | 0 | +111,235 | -3,690 | 47,167 | 114,925 | -111,803 | 98.08% | Bullish hedge bias |
| Non-Reportable | 32,345 | 15,265 | 0 | +17,080 | +4,713 | 18,660 | 28,381 | 6,473 | 26.92% | Bullish |
| Total | 292,663 | 309,743 | 0 | -17,080 | -4,713 | -18,660 | -6,473 | -28,381 | 75.00% | Bearish |
