Satdish Trading

COT Report Breakdown — 5 May 2026

Weekly Commitments of Traders positioning for the report dated 5 May 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.

Contract Institutional Speculative
E-Mini S&P 500 (ES) Asset Managers: net long 1,013,401 (+15,194 w/w — added longs / cut shorts) Leveraged Funds: net short 398,805 (+1,808 w/w — added longs / cut shorts)
E-Mini Nasdaq 100 (NQ) Asset Managers: net long 85,132 (+6,434 w/w — added longs / cut shorts) Leveraged Funds: net short 36,100 (-150 w/w — cut longs / added shorts)
Gold (GC) Swap Dealers (proxy): net short 179,823 (-5,202 w/w — cut longs / added shorts) Managed Money: net long 94,254 (+4,502 w/w — added longs / cut shorts)
Crude Oil (CL) Swap Dealers (proxy): net short 543,651 (-3,877 w/w — cut longs / added shorts) Managed Money: net long 70,791 (-9,540 w/w — cut longs / added shorts)
Euro FX (6E) Asset Managers: net long 285,613 (-5,285 w/w — cut longs / added shorts) Leveraged Funds: net long 11,846 (+252 w/w — added longs / cut shorts)
Japanese Yen (6J) Asset Managers: net short 10,596 (+15,954 w/w — added longs / cut shorts) Leveraged Funds: net short 52,897 (+22,905 w/w — added longs / cut shorts)
10Y T-Note (ZN) Asset Managers: net long 2,137,785 (-119,862 w/w — cut longs / added shorts) Leveraged Funds: net short 2,003,848 (+91,951 w/w — added longs / cut shorts)
Bitcoin (BTC) Asset Managers: net long 6,187 (+762 w/w — added longs / cut shorts) Leveraged Funds: net short 11,738 (-1,378 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.