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COT report of 22 Sep 2026

Where the large speculators (hedge funds, CTAs: "smart money") stood in the futures of 15 main markets on 22 Sep 2026, from the CFTC Commitments of Traders report released on 25 Sep 2026. Updated automatically every week.

Report date 2026-09-22 · released 2026-09-25 · source: CFTC, legacy futures-only report

Biggest changes that week: Copper (smart money +15,388 contracts); Dow Jones 30 (smart money -4,833 contracts); GBPUSD (smart money -23,853 contracts).
MarketSmart money netChange on the weekCOT index (13 weeks)Open interest
Gold
Smart money is net long 225,853 contracts, cutting 4,485 on the week; the position is near the top of its 13-week range.
225,853-4,48571%412,800
Silver
Smart money is net long 25,444 contracts, adding 118 on the week; the position is in the middle of its 13-week range.
25,444+11856%106,474
Copper biggest change
Smart money is net long 90,522 contracts, adding 15,388 on the week; the position is at the top of its 13-week range.
90,522+15,38893%301,657
WTI Crude Oil
Smart money is net long 141,106 contracts, adding 5,201 on the week; the position is at the top of its 13-week range.
141,106+5,201100%1,841,811
Natural Gas
Smart money is net short 216,530 contracts, covering 5,057 on the week; the position is at the bottom of its 13-week range.
-216,530+5,0579%1,837,146
S&P 500
Smart money is net short 133,228 contracts, adding 32,767 on the week; the position is at the bottom of its 13-week range.
-133,228-32,7670%1,890,653
Nasdaq 100
Smart money is net long 56,150 contracts, adding 22,432 on the week; the position is at the top of its 13-week range.
56,150+22,432100%286,321
Dow Jones 30 biggest change
Smart money is net long 10,070 contracts, cutting 4,833 on the week; the position is at the bottom of its 13-week range.
10,070-4,8330%88,087
US 10Y Note
Smart money is net short 811,752 contracts, covering 9,484 on the week; the position is at the top of its 13-week range.
-811,752+9,48498%5,407,726
EURUSD
Smart money is net short 52,334 contracts, adding 25,341 on the week; the position is near the bottom of its 13-week range.
-52,334-25,34127%821,689
GBPUSD biggest change
Smart money is net short 82,568 contracts, adding 23,853 on the week; the position is in the middle of its 13-week range.
-82,568-23,85334%244,925
USDJPY
Smart money is net long 71,982 contracts, cutting 48,377 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.
71,982-48,37783%378,701
AUDUSD
Smart money is net short 46,814 contracts, adding 7,908 on the week; the position is at the bottom of its 13-week range.
-46,814-7,9080%306,488
USDCAD
Smart money is net short 53,210 contracts, adding 15,633 on the week; the position is near the top of its 13-week range. These are positions in the Canadian dollar future, which moves the opposite way to USDCAD.
-53,210-15,63389%311,085
Bitcoin
Smart money is net long 2,756 contracts, adding 288 on the week; the position is in the middle of its 13-week range.
2,756+28864%22,315

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.