Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 232 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 55.8 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 55.77%. 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 | 19,562 | 23,838 | 4,941 | -4,276 | +232 | -3,950 | 507 | -7,276 | 55.77% | Bearish |
| Commercial | 564 | 356 | 0 | +208 | +193 | 389 | 3,986 | -2,404 | 55.77% | Bullish hedge bias |
| Non-Reportable | 5,816 | 1,748 | 0 | +4,068 | -425 | 3,561 | 6,597 | 1,658 | 53.85% | Bullish |
| Total | 25,067 | 29,135 | 0 | -4,068 | +425 | -3,561 | -1,658 | -6,597 | 48.08% | Bearish |
