OI Analysis

Price direction vs open interest direction regime classification

31
Total Markets
5
Strong Trend
4
Distribution
22
Other Regimes
Legend & Guide
Regime Colors
Strong Trend Price Up + OI Up
Short Covering Price Up + OI Down
Distribution Price Down + OI Up
Capitulation Price Down + OI Down
Column Definitions
Price Chg Price % change over the lookback period
OI Chg Open interest % change over the lookback period
OI %ile Current OI ranked within 3-year range
OI RoC Average weekly OI change over the lookback
Confirmation Whether regime aligns with COT contrarian signal
Open Interest Regime Analysis
12-week lookback period
Data as of Feb 10, 2026
Commodity Category Regime Price Chg OI Chg OI %ile OI RoC OI Trend Confirmation
Sugar No 11 Softs Distribution -6.6% +15.75%
100.0%
+13,555/wk Conflicts
Gasoline Rbob Energy Capitulation +0.67% +19.76%
96.5%
+6,945/wk No Signal
Crude Oil Energy Strong Trend +6.78% +9.52%
96.1%
+16,367/wk No Signal
Wheat Grains Capitulation +4.53% +30.34%
91.2%
+11,042/wk No Signal
Cotton No 2 Softs Capitulation +1.82% +29.12%
90.8%
+7,394/wk No Signal
Soybeans Grains Capitulation +1.55% -1.39%
88.8%
-1,203/wk No Signal
Euro (EUR) Currencies Capitulation +3.02% +11.52%
84.9%
+8,699/wk No Signal
Swiss Franc (CHF) Currencies Strong Trend +5.32% +23.6%
81.8%
+1,663/wk No Signal
Natural Gas Energy Distribution -28.69% +8.69%
75.3%
+11,801/wk No Signal
Australian Dollar (AUD) Currencies Strong Trend +9.69% +28.29%
71.4%
+4,956/wk Conflicts
Copper Metals Strong Trend +16.08% +15.99%
68.3%
+3,394/wk No Signal
NASDAQ 100 Consolidated Equity Indices Capitulation -0.75% -12.91%
64.2%
-3,703/wk No Signal
Corn Grains Capitulation +3.61% +16.62%
60.8%
+22,487/wk No Signal
S&P 500 Consolidated Equity Indices Capitulation +1.95% -6.93%
60.6%
-13,237/wk No Signal
Japanese Yen (JPY) Currencies Capitulation +2.64% -2.75%
56.0%
-861/wk No Signal
US Treasury Bond Interest Rates Capitulation -3.73% -8.38%
54.5%
-14,644/wk No Signal
New Zealand Dollar (NZD) Currencies Short Covering +7.56% -32.97%
47.8%
-3,212/wk No Signal
DJIA Consolidated Equity Indices Short Covering +6.47% -13.37%
46.7%
-1,045/wk No Signal
Brazilian Real (BRL) Currencies Capitulation -3.23% -31.6%
46.1%
-3,739/wk No Signal
Live Cattle Livestock Capitulation +7.93% -2.03%
41.8%
-615/wk No Signal
Mexican Peso (MXN) Currencies Strong Trend +7.34% +9.36%
40.0%
+1,767/wk No Signal
British Pound (GBP) Currencies Capitulation +3.95% -27.88%
34.4%
-7,998/wk No Signal
Palladium Metals Short Covering +21.51% -13.2%
29.1%
-229/wk No Signal
Coffee C Softs Distribution -14.43% +9.79%
28.4%
+1,419/wk No Signal
Silver Metals Short Covering +50.7% -7.54%
26.5%
-991/wk No Signal
Orange Juice Softs Short Covering +32.9% -19.73%
25.5%
-202/wk No Signal
Platinum Metals Short Covering +33.59% -17.47%
24.3%
-1,329/wk No Signal
Cocoa Softs Distribution -29.49% +36.42%
24.0%
+3,951/wk No Signal
Canadian Dollar (CAD) Currencies Capitulation +3.59% -23.23%
21.6%
-5,916/wk No Signal
Dollar Index (DXY) Currencies Capitulation -3.22% -41.08%
20.7%
-1,761/wk No Signal
Gold Metals Short Covering +21.95% -6.6%
0.0%
-2,596/wk No Signal