Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bullish positioningLarge speculators are net long and added 23,128 contracts of net bullish exposure this week. Commercials are net short. 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 53.9 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 53.85%. 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 | 108,305 | 91,238 | 4,085 | +17,067 | +23,128 | -56,654 | 138,357 | -178,977 | 53.85% | Bullish |
| Commercial | 33,078 | 46,314 | 0 | -13,236 | -20,878 | 83,609 | 214,079 | -43,162 | 11.54% | Bearish hedge bias |
| Non-Reportable | 83,321 | 87,152 | 0 | -3,831 | -2,250 | -26,956 | 4,446 | -95,195 | 92.31% | Bearish |
| Total | 145,468 | 141,637 | 0 | +3,831 | +2,250 | 26,956 | 95,195 | -4,446 | 9.62% | Bullish |
