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COT report of 21 Jul 2026

Where the large speculators (hedge funds, CTAs: "smart money") stood in the futures of 15 main markets on 21 Jul 2026, from the CFTC Commitments of Traders report released on 24 Jul 2026. Updated automatically every week.

Report date 2026-07-21 · released 2026-07-24 · source: CFTC, legacy futures-only report

Biggest changes that week: Copper (smart money +9,592 contracts); US 10Y Note (smart money -48,031 contracts); EURUSD (smart money -28,733 contracts).
MarketSmart money netChange on the weekCOT index (13 weeks)Open interest
Gold
Smart money is net long 183,910 contracts, cutting 2,772 on the week; the position is near the top of its 13-week range.
183,910-2,77274%383,368
Silver
Smart money is net long 23,465 contracts, cutting 1,609 on the week; the position is near the bottom of its 13-week range.
23,465-1,60922%106,410
Copper biggest change
Smart money is net long 73,977 contracts, adding 9,592 on the week; the position is in the middle of its 13-week range.
73,977+9,59270%270,048
WTI Crude Oil
Smart money is net long 81,689 contracts, adding 19,006 on the week; the position is near the bottom of its 13-week range.
81,689+19,00615%1,864,487
Natural Gas
Smart money is net short 171,138 contracts, covering 7,474 on the week; the position is near the top of its 13-week range.
-171,138+7,47485%1,679,435
S&P 500
Smart money is net short 16,784 contracts, covering 22,154 on the week; the position is at the top of its 13-week range.
-16,784+22,154100%1,939,493
Nasdaq 100
Smart money is net long 4,546 contracts, adding 1,825 on the week; the position is at the top of its 13-week range.
4,546+1,825100%286,903
Dow Jones 30
Smart money is net long 13,927 contracts, adding 723 on the week; the position is at the top of its 13-week range.
13,927+723100%82,002
US 10Y Note biggest change
Smart money is net short 879,706 contracts, adding 48,031 on the week; the position is near the bottom of its 13-week range.
-879,706-48,03124%5,272,703
EURUSD biggest change
Smart money is net short 41,338 contracts, adding 28,733 on the week; the position is at the bottom of its 13-week range.
-41,338-28,7330%800,061
GBPUSD
Smart money is net short 55,561 contracts, covering 15,692 on the week; the position is near the top of its 13-week range.
-55,561+15,69280%262,281
USDJPY
Smart money is net short 152,125 contracts, adding 29,462 on the week; the position is at the bottom of its 13-week range. These are positions in the Japanese yen future, which moves the opposite way to USDJPY.
-152,125-29,4623%423,796
AUDUSD
Smart money is net short 37,685 contracts, adding 6,975 on the week; the position is at the bottom of its 13-week range.
-37,685-6,9750%225,153
USDCAD
Smart money is net short 174,448 contracts, covering 1,831 on the week; the position is at the bottom of its 13-week range. These are positions in the Canadian dollar future, which moves the opposite way to USDCAD.
-174,448+1,8311%365,599
Bitcoin
Smart money is net long 3,054 contracts, cutting 37 on the week; the position is near the top of its 13-week range.
3,054-3771%20,527

Smart money = CFTC non-commercial traders. Net = long − short contracts. COT index = where the net position sits in its last 13 weekly reports (0% lowest, 100% highest). Market names link to our guide for that market.

How to read this table

  • Net above zero means the large speculators hold more long than short contracts; below zero, more short.
  • Change on the week shows whether they added to or cut that position since the report before.
  • COT index near 100% or 0% means the position is at an extreme of its recent range; extremes matter more than the raw number.
  • The report shows Tuesday's positions and comes out on Friday, so it describes the big picture, not the day.

New to the report? Read how to read the COT report, also in Urdu and Hindi, or the COT index explained.

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Positioning data for education, not investment advice. It shows what large traders held, not where prices will go. Trading carries a high risk of loss.