COT Weekly Update
Commitments of Traders – Smart Money Positioning
Data as of: 02/24/26Key Signals This Week
- Gold: Specs crowded long (+159,177) vs Commercials heavily short (-200,806) – crowded long trade
- EUR/USD: Specs extremely long (+156,856) – crowded trade, watch for reversal
- British Pound: Commercials net long (+56,176) – contrarian bullish bias
Precious Metals (COMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Gold | -200,806 | +159,177 | – | Crowded Long |
| Silver | -41,080 | +22,260 | – | Neutral |
| Copper | -72,348 | +58,440 | – | Neutral |
Energy (NYMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Crude Oil | -216,783 | +172,712 | – | Neutral |
Crude Oil: Commercials heavily short while specs are long – typical positioning.
Equity Indices (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| S&P 500 | +73,556 | -187,614 | – | Specs Heavy Short |
| Nasdaq 100 | -15,107 | +8,556 | – | Neutral |
S&P 500: Heavy spec shorts (-187,614) could fuel a squeeze if market rallies. Commercials net long.
Currencies (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Euro FX | -210,903 | +156,856 | – | Crowded Long |
| Japanese Yen | -14,729 | +11,539 | – | Neutral |
| British Pound | +56,176 | -57,072 | – | Contrarian Bullish |
| Australian Dollar | -77,313 | +52,644 | – | Neutral |
| Canadian Dollar | -30,260 | +27,578 | – | Neutral |
Commercials accumulating JPY, GBP, CAD – potential USD weakness.
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)