Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Crowded longLarge speculators are net short but reduced net bullish exposure by 1,899 contracts this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is building higher. Positioning is crowded long versus the 52-week history. Within the selected 52 weeks range, positioning sits around the 96.2 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 96.15%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Current speculative net positioning is at an extreme relative to the last 52 weeks.
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 | 26,254 | 46,303 | 11,357 | -20,049 | -1,899 | -25,365 | -18,150 | -44,198 | 96.15% | Bearish |
| Commercial | 88,339 | 54,706 | 0 | +33,633 | -384 | 38,954 | 56,495 | 29,602 | 7.69% | Bullish hedge bias |
| Non-Reportable | 9,539 | 23,123 | 0 | -13,584 | +2,283 | -13,589 | 4,570 | -16,364 | 23.08% | Bearish |
| Total | 125,950 | 112,366 | 0 | +13,584 | -2,283 | 13,589 | 16,364 | -4,570 | 78.85% | Bullish |
