Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short but reduced net bullish exposure by 9,261 contracts 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 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 | 73,520 | 132,356 | 7,758 | -58,836 | -9,261 | -67,733 | -1,964 | -105,719 | 38.46% | Bearish |
| Commercial | 205,647 | 148,545 | 0 | +57,102 | +11,299 | 72,602 | 123,431 | -5,099 | 48.08% | Bullish hedge bias |
| Non-Reportable | 31,683 | 29,949 | 0 | +1,734 | -2,038 | -4,869 | 11,679 | -19,150 | 80.77% | Bullish |
| Total | 286,925 | 288,659 | 0 | -1,734 | +2,038 | 4,869 | 19,150 | -11,679 | 21.15% | Bearish |
