COT Weekly Update
Commitments of Traders – Smart Money Positioning
Data as of: 10/13/26Key Signals This Week
- Gold: Commercials -242,531 vs Specs +207,879 — crowded long, bearish risk
- JPY: Commercials net long -48,587 vs Specs +50,207 — neutral (specs -12,118 wk)
- British Pound: Commercials +121,444 vs Specs -106,964 — contrarian bullish (specs -9,353 wk)
- Canadian: Commercials +105,613 vs Specs -94,765 — extreme divergence, contrarian bullish
- Euro: Commercials +111,225 vs Specs -137,573 — neutral (specs -38,241 wk)
- S&P 500: Commercials +35,937 vs Specs -142,709 — specs net short — contrarian bullish
Precious Metals (COMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Gold | -242,531 | +207,879 | Specs: -2,456 | Crowded Long |
| Silver | -39,442 | +22,631 | Specs: -522 | Neutral |
| Copper | -76,637 | +68,520 | Specs: -914 | Neutral |
Energy (NYMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Crude Oil | -24,631 | +43,110 | Specs: -2,039 | Neutral |
Crude Oil: Specs net long +43,110 vs Commercials net short -24,631 — monitor positioning for unwinding.
Equity Indices (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| S&P 500 | +35,937 | -142,709 | Specs: +12,942 | Contrarian Bullish |
| Nasdaq 100 | -58,765 | +42,334 | Specs: -11,777 | Neutral |
S&P 500: Commercials +35,937, Specs -142,709 — specs net short, contrarian-bullish lean. Nasdaq 100: Commercials -58,765, Specs +42,334 — specs net long.
Currencies (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Euro FX | +111,225 | -137,573 | Specs: -38,241 | Contrarian Bullish |
| Japanese Yen | -48,587 | +50,207 | Specs: -12,118 | Neutral |
| British Pound | +121,444 | -106,964 | Specs: -9,353 | Contrarian Bullish |
| Australian Dollar | +106,370 | -117,299 | Specs: -18,711 | Contrarian Bullish |
| Canadian Dollar | +105,613 | -94,765 | Specs: -4,602 | Contrarian Bullish |
JPY commercials -48,587 vs specs +50,207. CAD +105,613 vs specs -94,765 — extreme divergence, strong contrarian-bullish setup. GBP commercials +121,444 vs specs -106,964 — sustained contrarian bullish. EUR commercials +111,225 while specs -137,573 — neutral. AUD commercials +106,370, specs -117,299.
What is the COT Report?
The Commitments of Traders (COT) report is released weekly by the CFTC. It shows how different trader groups are positioned in futures markets:
- Commercials (Smart Money): Hedgers with real business exposure – often right at turning points
- Non-Commercials (Specs): Hedge funds and large speculators – often wrong at extremes
Release: Every Friday at 3:30 PM ET (Saturday 4:30 AM Singapore)