Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 1,006 contracts of net bullish exposure this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is fading lower. Positioning remains in a neutral historical zone on a 52-week basis. Within the selected 52 weeks range, positioning sits around the 25.0 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 25.00%. 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 | 56,645 | 136,059 | 3,164 | -79,414 | +1,006 | -70,639 | -13,911 | -106,964 | 25.00% | Bearish |
| Commercial | 170,983 | 81,085 | 0 | +89,898 | -5,610 | 75,215 | 123,431 | 5,464 | 80.77% | Bullish hedge bias |
| Non-Reportable | 23,145 | 33,629 | 0 | -10,484 | +4,604 | -4,576 | 10,698 | -19,150 | 19.23% | Bearish |
| Total | 230,792 | 220,308 | 0 | +10,484 | -4,604 | 4,576 | 19,150 | -10,698 | 82.69% | Bullish |
