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ICC Terminal › COT report › 25 Aug 2026

COT report of 25 Aug 2026

Where the large speculators (hedge funds, CTAs: "smart money") stood in the futures of 15 main markets on 25 Aug 2026, from the CFTC Commitments of Traders report released on 28 Aug 2026. Updated automatically every week.

Biggest changes that week: Nasdaq 100 (smart money +20,455 contracts); US 10Y Note (smart money +107,986 contracts); USDCAD (smart money +36,644 contracts).
MarketSmart money netChange on the weekCOT index (13 weeks)Open interest
Gold
Smart money is net long 243,334 contracts, adding 21,145 on the week; the position is at the top of its 13-week range.
243,334+21,145100%427,957
Silver
Smart money is net long 25,261 contracts, adding 1,636 on the week; the position is in the middle of its 13-week range.
25,261+1,63653%113,801
Copper
Smart money is net long 85,266 contracts, adding 5,518 on the week; the position is at the top of its 13-week range.
85,266+5,518100%283,299
WTI Crude Oil
Smart money is net long 123,449 contracts, adding 1,359 on the week; the position is in the middle of its 13-week range.
123,449+1,35965%1,906,740
Natural Gas
Smart money is net short 197,932 contracts, covering 5,571 on the week; the position is near the bottom of its 13-week range.
-197,932+5,57115%1,747,730
S&P 500
Smart money is net short 67,994 contracts, adding 57,434 on the week; the position is in the middle of its 13-week range.
-67,994-57,43466%2,045,669
Nasdaq 100 biggest change
Smart money is net long 10,039 contracts, adding 20,455 on the week; the position is at the top of its 13-week range.
10,039+20,455100%301,987
Dow Jones 30
Smart money is net long 15,557 contracts, cutting 2,124 on the week; the position is near the top of its 13-week range.
15,557-2,12482%88,454
US 10Y Note biggest change
Smart money is net short 838,975 contracts, covering 107,986 on the week; the position is near the top of its 13-week range.
-838,975+107,98682%6,208,739
EURUSD
Smart money is net short 36,352 contracts, covering 22,736 on the week; the position is near the bottom of its 13-week range.
-36,352+22,73630%818,524
GBPUSD
Smart money is net short 44,524 contracts, covering 10,049 on the week; the position is at the top of its 13-week range.
-44,524+10,049100%318,468
USDJPY
Smart money is net short 63,298 contracts, adding 10,405 on the week; the position is near the top of its 13-week range. These are positions in the Japanese yen future, which moves the opposite way to USDJPY.
-63,298-10,40583%384,216
AUDUSD
Smart money is net short 44,455 contracts, adding 296 on the week; the position is at the bottom of its 13-week range.
-44,455-2960%333,906
USDCAD biggest change
Smart money is net short 121,522 contracts, covering 36,644 on the week; the position is in the middle of its 13-week range. These are positions in the Canadian dollar future, which moves the opposite way to USDCAD.
-121,522+36,64468%329,544
Bitcoin
Smart money is net long 1,949 contracts, cutting 787 on the week; the position is at the bottom of its 13-week range.
1,949-7870%22,216

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.