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COT report of 28 Jul 2026

Where the large speculators (hedge funds, CTAs: "smart money") stood in the futures of 15 main markets on 28 Jul 2026, from the CFTC Commitments of Traders report released on 31 Jul 2026. Updated automatically every week.

Report date 2026-07-28 · released 2026-07-31 · source: CFTC, legacy futures-only report

Biggest changes that week: Copper (smart money -6,696 contracts); WTI Crude Oil (smart money +38,419 contracts); Natural Gas (smart money -19,661 contracts).
MarketSmart money netChange on the weekCOT index (13 weeks)Open interest
Gold
Smart money is net long 182,070 contracts, cutting 1,840 on the week; the position is in the middle of its 13-week range.
182,070-1,84070%384,603
Silver
Smart money is net long 22,217 contracts, cutting 1,248 on the week; the position is at the bottom of its 13-week range.
22,217-1,2480%106,719
Copper biggest change
Smart money is net long 67,281 contracts, cutting 6,696 on the week; the position is near the bottom of its 13-week range.
67,281-6,69628%274,552
WTI Crude Oil biggest change
Smart money is net long 120,108 contracts, adding 38,419 on the week; the position is in the middle of its 13-week range.
120,108+38,41949%1,859,795
Natural Gas biggest change
Smart money is net short 190,799 contracts, adding 19,661 on the week; the position is in the middle of its 13-week range.
-190,799-19,66133%1,672,441
S&P 500
Smart money is net short 17,196 contracts, adding 412 on the week; the position is at the top of its 13-week range.
-17,196-412100%1,984,408
Nasdaq 100
Smart money is net long 4,914 contracts, adding 368 on the week; the position is at the top of its 13-week range.
4,914+368100%294,781
Dow Jones 30
Smart money is net long 16,339 contracts, adding 2,412 on the week; the position is at the top of its 13-week range.
16,339+2,412100%83,013
US 10Y Note
Smart money is net short 876,119 contracts, covering 3,587 on the week; the position is near the bottom of its 13-week range.
-876,119+3,58727%5,313,478
EURUSD
Smart money is net short 72,447 contracts, adding 31,109 on the week; the position is at the bottom of its 13-week range.
-72,447-31,1090%819,806
GBPUSD
Smart money is net short 64,814 contracts, adding 9,253 on the week; the position is in the middle of its 13-week range.
-64,814-9,25365%267,426
USDJPY
Smart money is net short 163,412 contracts, adding 11,287 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.
-163,412-11,2870%432,366
AUDUSD
Smart money is net short 39,964 contracts, adding 2,279 on the week; the position is at the bottom of its 13-week range.
-39,964-2,2790%229,784
USDCAD
Smart money is net short 176,310 contracts, adding 1,862 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.
-176,310-1,8620%372,447
Bitcoin
Smart money is net long 3,904 contracts, adding 850 on the week; the position is at the top of its 13-week range.
3,904+850100%20,019

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.