Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 4,536 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 38.5 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 38.46%. 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 | 120,532 | 155,402 | 26,293 | -34,870 | +4,536 | -31,012 | 85,644 | -84,176 | 38.46% | Bearish |
| Commercial | 271,564 | 255,880 | 0 | +15,684 | -3,126 | 11,777 | 75,552 | -111,803 | 65.38% | Bullish hedge bias |
| Non-Reportable | 37,079 | 17,893 | 0 | +19,186 | -1,410 | 19,235 | 28,381 | 6,473 | 44.23% | Bullish |
| Total | 418,389 | 437,575 | 0 | -19,186 | +1,410 | -19,235 | -6,473 | -28,381 | 57.69% | Bearish |
