COT REPORT

COT Report Breakdown — 21 July 2026

CFTC data · Published 24 July 2026

Weekly Commitments of Traders positioning for the report dated 21 July 2026. Net position is longs minus shorts. Week-on-week change uses the CFTC's own change columns from the same file. No price targets, no narrative — just what the reportable categories actually did.

ContractInstitutionalSpeculative
E-Mini S&P 500 (ES)Asset Managers: net long 930,906 (-12,116 w/w — cut longs / added shorts)Leveraged Funds: net short 329,314 (+41,276 w/w — added longs / cut shorts)
E-Mini Nasdaq 100 (NQ)Asset Managers: net long 72,625 (-1,438 w/w — cut longs / added shorts)Leveraged Funds: net short 74,690 (-10,527 w/w — cut longs / added shorts)
Gold (GC)Swap Dealers (proxy): net short 193,878 (+1,761 w/w — added longs / cut shorts)Managed Money: net long 124,831 (+4,052 w/w — added longs / cut shorts)
Crude Oil (CL)Swap Dealers (proxy): net short 491,951 (-7,565 w/w — cut longs / added shorts)Managed Money: net long 63,979 (+2,005 w/w — added longs / cut shorts)
Euro FX (6E)Asset Managers: net long 228,927 (-18,389 w/w — cut longs / added shorts)Leveraged Funds: net short 56,671 (-2,980 w/w — cut longs / added shorts)
Japanese Yen (6J)Asset Managers: net short 79,906 (-26,089 w/w — cut longs / added shorts)Leveraged Funds: net short 96,185 (-5,724 w/w — cut longs / added shorts)
10Y T-Note (ZN)Asset Managers: net long 2,537,186 (+24,755 w/w — added longs / cut shorts)Leveraged Funds: net short 2,064,805 (+14,848 w/w — added longs / cut shorts)
Bitcoin (BTC)Asset Managers: net long 2,727 (-88 w/w — cut longs / added shorts)Leveraged Funds: net short 7,949 (-458 w/w — cut longs / added shorts)

Reading notes

  • Index, currency, rate and Bitcoin lines come from the CFTC Traders in Financial Futures (TFF) report (Asset Managers, Leveraged Funds).
  • Gold and Crude Oil come from the Disaggregated report. There is no Asset Manager category for physical commodities, so Swap Dealers is shown as the institutional proxy and Managed Money is the speculative side.
  • A net long figure on its own is not a signal. Look at the change versus the prior week, the trend over several weeks, and the size relative to open interest before drawing any conclusion.

Source: CFTC weekly reports. Auto-generated draft — review before publishing.