Commitment of Traders (COT)
Analyze CFTC positioning data to understand how commercial hedgers, large speculators, and retail traders are positioned in futures markets.
Open Interest
267K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
40K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
432K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
781K
+0
Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
228K
+0
Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
1K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
275K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
250K
+0
Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Open Interest
107K
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Commercial Net Δ
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Non-Comm Net Δ
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Small Specs Net Δ
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Commercials
Hedgers who use futures to offset business risks. They're often contrarian—going long when prices are low and short when high. Their positioning often signals market extremes.
Non-Commercials
Large speculators like hedge funds and CTAs. They're trend-followers whose extreme positioning can signal crowded trades. Watch for positioning reversals.
Small Speculators
Retail traders often considered "dumb money." Their extreme positioning can be a contrarian indicator, though this varies by market.