COT Contrarian

Rare rule-based classifications when reported trader groups are at opposing range extremes

Positioning analysis only — not financial advice. Commercials are often hedging business exposure, not expressing a directional forecast. The COT range index is min/max normalization, reports generally reflect Tuesday positions published Friday, and these classifications have not been established as reliable turning-point forecasts.
39
Neutral
1
Commercial-High Contrast
0
Commercial-Low Contrast
COT Index Legend
Trader Types
Commercials
Large Speculators
Small Traders
Rule Classifications
Commercial-High Contrast Commercial range index ≥95, other groups ≤5
Commercial-Low Contrast Commercial range index ≤5, other groups ≥95
Neutral No three-group extreme contrast
Key Point: Three-Group Contrast Rule

This page shows the strictest classifications by requiring ALL THREE trader types to be at EXTREME levels (95/5) in alignment.

For non-equity markets: Bullish requires Commercials ≥95%, Large Specs ≤5%, Small Traders ≤5%. The commercial-low classification requires the opposite. Rarity does not establish reliability or predict a reversal.

Commercial-High Contrast (1)
Commercial range index high while other groups are low
Market Category Commercials Large Spec Small Traders Trade Setup
New Zealand Dollar (NZD) Currencies 97.84% 2.53% 3.71% Bullish Sentiment
Currencies
10 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Metals
5 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Equity Indices
5 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Energy
3 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Interest Rates
4 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Cryptocurrencies
1 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Softs
5 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Grains
4 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Livestock
2 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
Dairy
1 markets
Data as of Jul 14, 2026
COT Index Guide: 0% = Lowest position in 3 years | 50% = Middle range | 100% = Highest in 3 years
Hover over bars for detailed explanations.
All Markets - Sorted by Commercial Index
40 markets ranked by commercial positioning
Data as of Jul 14, 2026
All Markets - Sorted by Large Speculator Index
40 markets ranked by large speculator positioning
Data as of Jul 14, 2026
All Markets - Sorted by Small Trader Index
40 markets ranked by small trader positioning
Data as of Jul 14, 2026