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 7,109 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 75.0 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 75.00%. 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 | 17,273 | 47,258 | 10,976 | -29,985 | -7,109 | -32,889 | -19,946 | -44,198 | 75.00% | Bearish |
| Commercial | 112,612 | 71,108 | 0 | +41,504 | +5,416 | 46,156 | 56,495 | 26,659 | 50.00% | Bullish hedge bias |
| Non-Reportable | 12,822 | 24,341 | 0 | -11,519 | +1,693 | -13,267 | 4,570 | -15,401 | 26.92% | Bearish |
| Total | 140,861 | 129,342 | 0 | +11,519 | -1,693 | 13,267 | 15,401 | -4,570 | 75.00% | Bullish |
