Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Positioning reversal formingLarge speculators are net long but reduced net bullish exposure by 8 contracts this week. Commercials are net short. 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 71.2 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 71.15%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Weekly net changes show a possible turn after a short run in the opposite direction.
| Participant Group | Long | Short | Spreading | Net | Weekly Change | 13-Week Avg | 52-Week High | 52-Week Low | Percentile | Bias |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Commercial | 4,667 | 2,773 | 532 | +1,894 | -8 | 1,903 | 3,345 | -254 | 71.15% | Bullish |
| Commercial | 7,243 | 12,014 | 0 | -4,771 | +345 | -7,192 | -4,771 | -9,166 | 100.00% | Bearish hedge bias |
| Non-Reportable | 7,840 | 4,963 | 0 | +2,877 | -337 | 5,289 | 7,177 | 2,877 | 1.92% | Bullish |
| Total | 12,442 | 15,319 | 0 | -2,877 | +337 | -5,289 | -2,877 | -7,177 | 100.00% | Bearish |
