Key COT extremes and narrative takeaways
Highlights the six highest and two lowest Commercial COT Index readings, with Large Speculator positioning, weekly positioning changes, and price performance providing context for each extreme
Natural Gas — 100%: Commercial positioning is near the upper end of its 26-week range. Large Speculators are net short at −219,767 contracts, with speculative net positioning shifted lower by 10,856 contracts. Price declined 4.05%.
Australian Dollar — 94%: Commercial positioning is near the upper end of its 26-week range. Large Speculators are net short at −34,870 contracts, with speculative net positioning improved by 4,536 contracts. Price declined 0.63%.
Palladium — 69%: Commercial positioning is in the upper half of its 26-week range. Large Speculators are net short at −3,712 contracts, with speculative net positioning improved by 593 contracts. Price declined 6.07%.
Euro FX — 67%: Commercial positioning is in the upper half of its 26-week range. Large Speculators are net short at −42,616 contracts, with speculative net positioning shifted lower by 17,691 contracts. Price increased 0.16%.
Platinum — 61%: Commercial positioning is in the upper half of its 26-week range. Large Speculators are net long at +15,976 contracts, with speculative net positioning improved by 976 contracts. Price declined 1.47%.
Crude Oil (WTI) — 55%: Commercial positioning is in the upper half of its 26-week range. Large Speculators are net long at +136,579 contracts, with speculative net positioning improved by 6,668 contracts. Price increased 9.61%.
Japanese Yen — 0%: Commercial positioning is at the lower end of its 26-week range. Large Speculators are net long at +10,796 contracts, with speculative net positioning improved by 103,023 contracts. Price increased 2.42%.
Copper — 0%: Commercial positioning is at the lower end of its 26-week range. Large Speculators are net long at +92,476 contracts, with speculative net positioning improved by 11,607 contracts. Price declined 1.66%.
Market Positioning
|
ASSET |
PRICE CHG |
SPEC. NET |
SPEC. NET CHG |
COMM. NET |
COMM. NET CHG |
SMALL NET |
OPEN INTEREST |
OI CHG |
COT INDEX |
POSITIONING |
|
Dollar Index |
-0.04% |
+17,604 |
+579 |
-19,188 |
-464 |
+1,584 |
57,858 |
+16% |
24% |
Bullish (Net Long) – Improving |
|
Euro FX |
+0.16% |
-42,616 |
-17,691 |
+6,730 |
+15,457 |
+35,886 |
942,464 |
+9% |
67% |
Bearish (Net Short) – Weakening |
|
Swiss Franc |
+0.15% |
-29,985 |
-7,109 |
+41,504 |
+5,416 |
-11,519 |
153,683 |
+12% |
44% |
Bearish (Net Short) – Weakening |
|
British Pound |
+0.07% |
-58,836 |
-9,261 |
+57,102 |
+11,299 |
+1,734 |
318,608 |
+0% |
22% |
Bearish (Net Short) – Weakening |
|
Japanese Yen |
+2.42% |
+10,796 |
+103,023 |
-14,041 |
-111,602 |
+3,245 |
499,635 |
+21% |
0% |
Bullish (Net Long) – Improving |
|
Canadian Dollar |
+0.15% |
-70,499 |
+37,644 |
+74,429 |
-40,853 |
-3,930 |
334,861 |
+0% |
41% |
Bearish (Net Short) – Improving |
|
Australian Dollar |
-0.63% |
-34,870 |
+4,536 |
+15,684 |
-3,126 |
+19,186 |
455,468 |
+16% |
94% |
Bearish (Net Short) – Improving |
|
New Zealand Dollar |
-0.94% |
+6,232 |
+14,253 |
-5,635 |
-14,211 |
-597 |
125,978 |
+17% |
0% |
Bullish (Net Long) – Improving |
|
Mexican Peso |
-1.15% |
+94,732 |
+1,485 |
-99,931 |
-2,214 |
+5,199 |
327,215 |
+4% |
0% |
Bullish (Net Long) – Improving |
|
Crude Oil (WTI) |
+9.61% |
+136,579 |
+6,668 |
-166,185 |
-10,180 |
+29,606 |
1,939,911 |
+1% |
55% |
Bullish (Net Long) – Improving |
|
Gasoline |
+3.75% |
+73,192 |
+3,567 |
-87,426 |
-4,889 |
+14,234 |
365,028 |
+3% |
20% |
Bullish (Net Long) – Improving |
|
Heating Oil |
+9.82% |
+11,708 |
-2,371 |
-33,427 |
+4,303 |
+21,719 |
265,080 |
+0% |
28% |
Bullish (Net Long) – Weakening |
|
Natural Gas |
-4.05% |
-219,767 |
-10,856 |
+201,126 |
+7,694 |
+18,641 |
1,823,243 |
+1% |
100% |
Bearish (Net Short) – Weakening |
|
Gold |
-1.95% |
+231,960 |
+3,836 |
-270,274 |
-5,556 |
+38,314 |
411,227 |
-1% |
10% |
Bullish (Net Long) – Improving |
|
Silver |
-2.69% |
+26,049 |
-690 |
-44,908 |
+372 |
+18,859 |
103,250 |
-1% |
5% |
Bullish (Net Long) – Weakening |
|
Platinum |
-1.47% |
+15,976 |
+976 |
-19,848 |
-543 |
+3,872 |
67,810 |
+0% |
61% |
Bullish (Net Long) – Improving |
|
Palladium |
-6.07% |
-3,712 |
+593 |
+2,832 |
-481 |
+880 |
16,773 |
+2% |
69% |
Bearish (Net Short) – Improving |
|
Copper |
-1.66% |
+92,476 |
+11,607 |
-104,644 |
-12,537 |
+12,168 |
297,491 |
+5% |
0% |
Bullish (Net Long) – Improving |
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