Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Positioning reversal formingLarge speculators are net short but reduced net bullish exposure by 1,442 contracts 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 48.1 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 48.08%. 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 | 28,265 | 32,920 | 328 | -4,655 | -1,442 | -2,106 | 507 | -7,276 | 48.08% | Bearish |
| Commercial | 750 | 50 | 0 | +700 | +485 | -578 | 1,984 | -2,404 | 94.23% | Bullish hedge bias |
| Non-Reportable | 5,836 | 1,881 | 0 | +3,955 | +957 | 2,684 | 6,597 | 1,658 | 46.15% | Bullish |
| Total | 29,343 | 33,298 | 0 | -3,955 | -957 | -2,684 | -1,658 | -6,597 | 55.77% | Bearish |
