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 1,022 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 32.7 percentile. Commercial and speculative positioning are not strongly opposed right now. Price/COT divergence is currently limited.
Current selected-window percentile: 32.69%. 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 | 7,841 | 8,106 | 0 | -265 | -1,022 | 2,639 | 12,049 | -9,729 | 32.69% | Bearish |
| Commercial | 58,061 | 60,780 | 0 | -2,719 | +119 | -4,692 | 7,576 | -14,972 | 63.46% | Bearish hedge bias |
| Non-Reportable | 3,746 | 762 | 0 | +2,984 | +903 | 2,054 | 4,438 | 1,310 | 88.46% | Bullish |
| Total | 65,902 | 68,886 | 0 | -2,984 | -903 | -2,054 | -1,310 | -4,438 | 13.46% | Bearish |
