Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Positioning reversal formingLarge speculators are net short but reduced net bullish exposure by 1,180 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 26.9 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 26.92%. 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 | 3,847 | 6,194 | 0 | -2,347 | -1,180 | -1,321 | 12,049 | -9,729 | 26.92% | Bearish |
| Commercial | 61,051 | 60,351 | 0 | +700 | +647 | -514 | 7,576 | -14,972 | 78.85% | Bullish hedge bias |
| Non-Reportable | 3,159 | 1,512 | 0 | +1,647 | +533 | 1,835 | 4,438 | 1,114 | 17.31% | Bullish |
| Total | 64,898 | 66,545 | 0 | -1,647 | -533 | -1,835 | -1,114 | -4,438 | 84.62% | Bearish |
