Free data · CFTC positions as of 3 November 2026 · published 6 Nov
COT report this week
In the CFTC report for positions as of 3 November 2026, published 6 November, the biggest change was in the pound: speculators bought 9,468 contracts net, 19.2% of its one-year range, leaving them net long at 26,663. Read on WatchTower Terminal from the CFTC's own figures, every Friday.
The biggest changes
The pound: speculators bought 9,468 contracts net, taking them to 26,663 (net long), a move of 19.2% of the past year's range.
British Pound COT positioningThe Nasdaq 100: speculators bought 7,756 contracts net, taking them to 73,137 (net long), a move of 18.5% of the past year's range.
Nasdaq 100 COT positioningPlatinum: speculators sold 3,048 contracts net, taking them to −1,283 (net short), a move of 17% of the past year's range, flipping the side, and the most short reading of the year.
Platinum COT positioningThe Dow: speculators sold 4,013 contracts net, taking them to 8,220 (net long), a move of 15% of the past year's range.
Dow Jones COT positioningThe Canadian dollar: speculators bought 10,445 contracts net, taking them to −86,302 (net short), a move of 14.8% of the past year's range.
Canadian Dollar COT positioning
At a one-year extreme: Copper (most short), Euro (most short), Palladium (most short), Platinum (most short). Switched sides: Platinum, now net short.
Every market, week of 3 November
| Market | Net speculative position | Change on the week | Where in its year |
|---|---|---|---|
| Australian Dollar | 50,106 net long | +1,6921.9% of range | 77%inside the range |
| British Pound | 26,663 net long | +9,46819.2% of range | 57%inside the range |
| Canadian Dollar | −86,302 net short | +10,44514.8% of range | 23%inside the range |
| Copper | 34,890 net long | −5,68511.9% of range | 0%near the year’s most short |
| Dow Jones | 8,220 net long | −4,01315% of range | 57%inside the range |
| Euro | −78,559 net short | −6,9855.2% of range | 0%near the year’s most short |
| Gold | 103,614 net long | −1,9483.5% of range | 25%inside the range |
| Japanese Yen | −14,817 net short | −1870.1% of range | 73%inside the range |
| Mexican Peso | 71,381 net long | +3,0466.7% of range | 59%inside the range |
| Nasdaq 100 | 73,137 net long | +7,75618.5% of range | 54%inside the range |
| New Zealand Dollar | −23,154 net short | −6001.6% of range | 27%inside the range |
| Nikkei 225 | 5,814 net long | −7237.8% of range | 76%inside the range |
| Palladium | −15,216 net short | −1,91911.8% of range | 0%near the year’s most short |
| Platinum | −1,283 net short | −3,04817% of range | 0%near the year’s most short |
| S&P 500 | 928,584 net long | +5,1352.9% of range | 28%inside the range |
| Silver | 4,035 net long | +7143.2% of range | 3%near the year’s most short |
| Swiss Franc | −16,845 net short | +6573% of range | 3%near the year’s most short |
| US Dollar | 3,311 net long | +1530.5% of range | 83%inside the range |
| WTI Crude | 21,728 net long | −9,4006.3% of range | 39%inside the range |
Net speculative position is non-commercial longs minus shorts, in contracts, from the CFTC Commitments of Traders report for positions as of 3 November 2026, published 6 November 2026. "Where in its year" puts the position between the lowest (0%) and highest (100%) net reading of the past 52 weeks. Contract sizes differ by market, so the change is also given as a share of that range.
Questions
What changed most in the COT report of 3 November 2026?
The pound: speculators bought 9,468 contracts net, taking them to 26,663 (net long), a move of 19.2% of the past year's range. The Nasdaq 100: speculators bought 7,756 contracts net, taking them to 73,137 (net long), a move of 18.5% of the past year's range. Platinum: speculators sold 3,048 contracts net, taking them to −1,283 (net short), a move of 17% of the past year's range, flipping the side, and the most short reading of the year.
Which markets are at a positioning extreme?
As of 3 November 2026, speculators were at their most short of the past year in copper, most short of the past year in the euro, most short of the past year in palladium, most short of the past year in platinum.
When is the COT report released?
The CFTC publishes the Commitments of Traders report on Friday afternoon (3:30pm New York time), for positions as of the Tuesday before. This week's positions were taken on 3 November 2026 and published on 6 November 2026.
How should the COT report be read?
As a picture of how speculative money is positioned, not as a timing tool. A position near its one-year extreme says the trade is crowded, which matters most when the story behind it changes. WatchTower Terminal folds the level and the weekly flow into each market's composite score.
How to read it: how to read the COT report and retail sentiment against COT. The terminal is $10 for the first month. Nothing here is financial advice.