COT Weekly Update
Commitments of Traders – Smart Money Positioning
Data as of: 07/14/26Key Signals This Week
- Gold: Commercials -214,788 vs Specs +186,682 — crowded long, bearish risk (specs -7,564 wk)
- JPY: Commercials net long +123,418 vs Specs -122,663 — contrarian bullish JPY (USD weakness)
- British Pound: Commercials +78,244 vs Specs -71,253 — contrarian bullish (specs +16,650 wk)
- Canadian: Commercials +186,718 vs Specs -176,279 — extreme divergence, contrarian bullish
- Euro: Commercials -13,390 vs Specs -12,605 — neutral
- S&P 500: Commercials -84,947 vs Specs -42,565 — near neutral
Precious Metals (COMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Gold | -214,788 | +186,682 | Specs: -7,564 | Crowded Long |
| Silver | -42,597 | +25,074 | – | Neutral |
| Copper | -73,616 | +64,385 | – | Neutral |
Energy (NYMEX)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Crude Oil | -515 | +19,783 | – | Neutral |
Crude Oil: Specs net long +19,783 vs Commercials net short -515 — monitor positioning for unwinding.
Equity Indices (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| S&P 500 | -84,947 | -42,565 | – | Neutral |
| Nasdaq 100 | -1,918 | -10,313 | – | Neutral |
S&P 500: Commercials -84,947, Specs -42,565 — specs net short, contrarian-bullish lean. Nasdaq 100: Commercials -1,918, Specs -10,313 — mild contrarian-bullish tilt.
Currencies (CME)
| Contract | Commercial Net | Spec Net | Weekly Change | Signal |
|---|---|---|---|---|
| Euro FX | -13,390 | -12,605 | – | Neutral |
| Japanese Yen | +123,418 | -122,663 | – | Contrarian Bullish |
| British Pound | +78,244 | -71,253 | Specs: +16,650 | Contrarian Bullish |
| Australian Dollar | +12,813 | -30,710 | Specs: -6,059 | Neutral |
| Canadian Dollar | +186,718 | -176,279 | – | Contrarian Bullish |
JPY commercials net long +123,418 vs specs -122,663 — contrarian-bullish JPY / USD-weakness signal. CAD +186,718 vs specs -176,279 — extreme divergence, strong contrarian-bullish setup. GBP commercials +78,244 vs specs -71,253 — sustained contrarian bullish. EUR commercials -13,390 while specs -12,605 — neutral. AUD commercials +12,813, specs -30,710.
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)