COT Report 20 Oct 2026: Smart Money Positions

COT report of 20 Oct 2026

Where the large speculators (hedge funds, CTAs: "smart money") stood in the futures of 15 main markets on 20 Oct 2026, from the CFTC Commitments of Traders report released on 23 Oct 2026. Updated automatically every week.

Report date 2026-10-20 · released 2026-10-23 · source: CFTC, legacy futures-only report

Market	Smart money net	Change on the week	COT index (13 weeks)	Open interest
Gold Smart money is net long 199,865 contracts, cutting 8,014 on the week; the position is near the bottom of its 13-week range.	199,865	-8,014	29%	402,279
Silver biggest change Smart money is net long 19,795 contracts, cutting 2,836 on the week; the position is at the bottom of its 13-week range.	19,795	-2,836	0%	113,992
Copper biggest change Smart money is net long 57,397 contracts, cutting 11,123 on the week; the position is at the bottom of its 13-week range.	57,397	-11,123	0%	327,119
WTI Crude Oil Smart money is net long 89,325 contracts, cutting 11,018 on the week; the position is at the bottom of its 13-week range.	89,325	-11,018	0%	1,835,144
Natural Gas Smart money is net short 241,272 contracts, adding 7,694 on the week; the position is at the bottom of its 13-week range.	-241,272	-7,694	0%	1,710,685
S&P 500 Smart money is net short 142,671 contracts, adding 1,676 on the week; the position is at the bottom of its 13-week range.	-142,671	-1,676	7%	1,935,470
Nasdaq 100 Smart money is net long 50,726 contracts, adding 2,203 on the week; the position is at the top of its 13-week range.	50,726	+2,203	92%	272,462
Dow Jones 30 Smart money is net long 6,725 contracts, cutting 1,411 on the week; the position is at the bottom of its 13-week range.	6,725	-1,411	0%	90,022
US 10Y Note Smart money is net short 964,293 contracts, covering 23,809 on the week; the position is near the bottom of its 13-week range.	-964,293	+23,809	14%	5,868,295
EURUSD Smart money is net short 134,524 contracts, covering 3,049 on the week; the position is at the bottom of its 13-week range.	-134,524	+3,049	3%	877,940
GBPUSD biggest change Smart money is net short 80,420 contracts, covering 26,544 on the week; the position is in the middle of its 13-week range.	-80,420	+26,544	43%	254,060
USDJPY Smart money is net long 69,878 contracts, adding 19,671 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.	69,878	+19,671	82%	379,141
AUDUSD Smart money is net short 127,292 contracts, adding 9,993 on the week; the position is at the bottom of its 13-week range.	-127,292	-9,993	0%	333,010
USDCAD Smart money is net short 74,709 contracts, covering 20,056 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.	-74,709	+20,056	74%	383,635
Bitcoin Smart money is net long 2,418 contracts, cutting 116 on the week; the position is in the middle of its 13-week range.	2,418	-116	54%	21,040

Market

Smart money net

Change on the week

COT index (13 weeks)

Open interest

Gold

Smart money is net long 199,865 contracts, cutting 8,014 on the week; the position is near the bottom of its 13-week range.

199,865

-8,014

29%

402,279

Silver biggest change

Smart money is net long 19,795 contracts, cutting 2,836 on the week; the position is at the bottom of its 13-week range.

19,795

-2,836

113,992

Copper biggest change

Smart money is net long 57,397 contracts, cutting 11,123 on the week; the position is at the bottom of its 13-week range.

57,397

-11,123

327,119

WTI Crude Oil

Smart money is net long 89,325 contracts, cutting 11,018 on the week; the position is at the bottom of its 13-week range.

89,325

-11,018

1,835,144

Natural Gas

Smart money is net short 241,272 contracts, adding 7,694 on the week; the position is at the bottom of its 13-week range.

-241,272

-7,694

1,710,685

S&P 500

Smart money is net short 142,671 contracts, adding 1,676 on the week; the position is at the bottom of its 13-week range.

-142,671

-1,676

1,935,470

Nasdaq 100

Smart money is net long 50,726 contracts, adding 2,203 on the week; the position is at the top of its 13-week range.

50,726

+2,203

92%

272,462

Dow Jones 30

Smart money is net long 6,725 contracts, cutting 1,411 on the week; the position is at the bottom of its 13-week range.

6,725

-1,411

90,022

US 10Y Note

Smart money is net short 964,293 contracts, covering 23,809 on the week; the position is near the bottom of its 13-week range.

-964,293

+23,809

14%

5,868,295

EURUSD

Smart money is net short 134,524 contracts, covering 3,049 on the week; the position is at the bottom of its 13-week range.

-134,524

+3,049

877,940

GBPUSD biggest change

Smart money is net short 80,420 contracts, covering 26,544 on the week; the position is in the middle of its 13-week range.

-80,420

+26,544

43%

254,060

USDJPY

Smart money is net long 69,878 contracts, adding 19,671 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.

69,878

+19,671

82%

379,141

AUDUSD

Smart money is net short 127,292 contracts, adding 9,993 on the week; the position is at the bottom of its 13-week range.

-127,292

-9,993

333,010

USDCAD

Smart money is net short 74,709 contracts, covering 20,056 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.

-74,709

+20,056

74%

383,635

Bitcoin

Smart money is net long 2,418 contracts, cutting 116 on the week; the position is in the middle of its 13-week range.

2,418

-116

54%

21,040

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.

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When the report comes out

When is the COT report released in Pakistan and India?

The CFTC publishes it on Friday at 3:30 pm US Eastern time, with positions as of the Tuesday before. In Pakistan that is the night between Friday and Saturday at 12:30 am (PKT) during US summer time and 1:30 am during US winter time; in India it is 1:00 am and 2:00 am (IST).

When does US winter time apply?

US clocks go back one hour on the first Sunday of November and forward on the second Sunday of March (in 2026 they go back on 1 November). Pakistan and India keep the same time all year, so during the US winter the report arrives one hour later in Pakistan and India.

What happens in a week with a US holiday?

When a US federal holiday falls in the week, the CFTC usually publishes the report one or more working days later, often on the following Monday. The positions are still those of Tuesday.

When does this page update?

ICC Terminal downloads the new report after it is released, and this page updates by itself.

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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.