Loading…
Free view: data as of 15 Sep 2026, 2 reports behind. Pro shows each report the Friday it is released, plus every pair, the screener and research.
Start 7-day free trial6A · CME · code 232741
Data since 4 Jan 2000 · 1,369 weeks · 27 missing (never interpolated)
The read
How the numbers workThe 6-month COT Index is 10 or below: speculators are the most bearish they've been in six months. The crowd is all-in short, so there are few sellers left. The score is forced to 0: don't chase shorts. If commercials are at the opposite extreme, it's a reversal watch.
Specs are about as bearish as they've been in 6 months (4/100), and falling. The short is crowded: late to sell, watch for a turn. 6-month (4) is lower than 3-year (36): specs have sold a lot recently, but the position isn't extreme by longer history, so there may be room to fall.
No meaningful 4-week move: the money isn't clearly going either way.
The net position fell mainly because speculators closed (sold out of) long positions, not because new sellers arrived. Longs −6.2K, shorts −2.2K. Open interest rose, though the move itself was exits. Bearish for the week, but weaker than fresh shorts: bulls leaving isn't the same as bears arriving. No conviction point. It often happens as a crowded long starts to unwind.
52 weeks shown. Drag to pan; charts move together.
Hedgers are the most long in 6 months (97/100). If specs are extreme short, that's a reversal watch (bullish turn). This is active now: reversal watch.
Small move: −4K is under 5% of the 6-month range, so the label says little and it adds no conviction to the score. Quarterly expiry week: positions roll to the next contract, so open interest and the week's change can be distorted.
The score is forced to 0 in an extreme regime.
Largest gap first.