Commitments of Traders positioning for 42 futures markets as reported by the CFTC for Tuesday September 23, 2025: Commercial, Non-Commercial and Non-Reportable positioning indexes on raw and OI-normalized bases, index momentum, WILLCO, sentiment and open-interest readings, with each model's setup verdict.
NPF 2-leg 80/20 full setups: Canadian Dollar (bullish), Mexican Peso (bearish), S&P 500 (bullish), 30-Year Note (bearish), Lean Hogs (bearish), Cocoa (bullish), Lumber (bullish), Orange Juice (bullish), Sugar (bullish).
| Positioning · Raw 3-leg 95/5 | Positioning · NPF 2-leg 80/20 | Index Momentum | Friction & Flow | Open Interest | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Class | Asset | Tape Bias | Signals | Comm Index | NonComm Index | NonRept Index | Comm Index | NonRept Index | Comm Move | NonComm Move | NonRept Move | WILLCO | NonComm Sentiment | OI Z | Max Pain Pull |
| Crypto | Bitcoin | Bearish | 38 | 59 | 56 | 37 | 52 | -12 | +19 | -21 | 37 | 100 | -0.77 | – | |
| Crypto | Ethereum | Bearish | 4-YR SELL EXTREME | 0 | 100 | 54 | 2 | 17 | +0 | +3 | -35 | 2 | 100 | +2.67 | – |
| Currencies | Australian Dollar | Bearish | 59 | 34 | 77 | 70 | 82 | -21 | +20 | +18 | 70 | 83 | -1.37 | – | |
| Currencies | British Pound | Neutral | 60 | 41 | 65 | 61 | 63 | -36 | +41 | -5 | 61 | 41 | +0.92 | – | |
| Currencies | Canadian Dollar | Bullish | 70 | 32 | 24 | 100 | 6 | +37 | -36 | -36 | 100 | 0 | -0.93 | – | |
| Currencies | Euro | Bearish | MACRO BEAR SETUP | 8 | 93 | 83 | 10 | 68 | -1 | +9 | +0 | 10 | 61 | +2.23 | – |
| Currencies | Japanese Yen | Neutral | 89 | 15 | 16 | 78 | 17 | +34 | -35 | +11 | 78 | 22 | -0.96 | – | |
| Currencies | Mexican Peso | Bearish | MACRO BEAR SETUP | 38 | 60 | 85 | 8 | 87 | -16 | +16 | +12 | 8 | 100 | -0.08 | – |
| Currencies | New Zealand | Bullish | 60 | 40 | 32 | 80 | 23 | +19 | -19 | -4 | 80 | 0 | -0.57 | – | |
| Currencies | Swiss Franc | Bearish | EXHAUSTION | 24 | 87 | 57 | 43 | 45 | -12 | +22 | -6 | 43 | 66 | -0.74 | – |
| Currencies | US Dollar | Bullish | 93 | 8 | 26 | 92 | 38 | -1 | +5 | -47 | 92 | 18 | +0.67 | – | |
| Energies | Crude Oil | Bullish | 92 | 9 | 42 | 92 | 43 | -8 | +9 | -26 | 92 | 14 | +0.33 | – | |
| Energies | Gasoline | Bearish | 37 | 45 | 90 | 31 | 94 | -29 | +25 | +25 | 31 | 85 | -0.78 | – | |
| Energies | Heating Oil | Neutral | MACD BUY | 14 | 78 | 88 | 20 | 75 | +0 | -10 | +10 | 20 | 47 | +2.67 | – |
| Energies | Natural Gas | Neutral | 62 | 38 | 32 | 64 | 33 | +36 | -30 | -40 | 64 | 0 | +0.95 | – | |
| Equities | DOW | Neutral | EXHAUSTION | 54 | 46 | 56 | 59 | 57 | -26 | +35 | -11 | 59 | 46 | -0.75 | – |
| Equities | Nasdaq | Neutral | EXHAUSTION | 48 | 44 | 43 | 45 | 45 | +48 | -56 | -7 | 45 | 30 | +0.00 | – |
| Equities | Russell | Neutral | STRUCTURAL BULL | 46 | 45 | 100 | 52 | 100 | -53 | +45 | +51 | 52 | 67 | -1.82 | – |
| Equities | S&P 500 | Bullish | EXHAUSTION | 87 | 17 | 51 | 90 | 63 | -13 | +17 | +11 | 90 | 38 | -0.80 | – |
| Fixed Income | 10-Year Note | Neutral | 56 | 36 | 92 | 44 | 89 | -16 | +12 | +7 | 44 | 41 | +2.31 | – | |
| Fixed Income | 2-Year Note | Neutral | 66 | 32 | 51 | 44 | 39 | -19 | +14 | +16 | 44 | 44 | +1.64 | – | |
| Fixed Income | 30-Year Note | Neutral | 29 | 38 | 100 | 18 | 100 | +5 | -24 | +7 | 18 | 55 | +0.59 | – | |
| Fixed Income | 5-Year Note | Bullish | 83 | 14 | 80 | 86 | 78 | -17 | +14 | +0 | 86 | 93 | +0.78 | – | |
| Grains | Corn | Bearish | 69 | 29 | 73 | 66 | 64 | -12 | +11 | -8 | 66 | 87 | -0.46 | – | |
| Grains | Soybean | Neutral | 38 | 61 | 73 | 39 | 78 | -14 | +13 | +4 | 39 | 36 | +1.56 | – | |
| Grains | Soybean Meal | Neutral | 51 | 60 | 0 | 53 | 0 | -19 | +27 | -21 | 53 | 70 | +0.79 | – | |
| Grains | Soybean Oil | Neutral | 55 | 48 | 21 | 55 | 22 | +34 | -33 | -49 | 55 | 0 | +1.81 | – | |
| Grains | Wheat | Neutral | 65 | 30 | 91 | 74 | 92 | -13 | +11 | -6 | 74 | 30 | +0.18 | – | |
| Live Stock | Feeder Cattle | Bullish | 100 | 0 | 100 | 100 | 95 | +82 | -60 | +20 | 100 | 0 | -1.80 | – | |
| Live Stock | Lean Hogs | Bearish | STRUCTURAL BULL4-YR SELL EXTREME | 0 | 100 | 79 | 0 | 84 | -45 | +45 | +26 | 0 | 100 | +1.40 | – |
| Live Stock | Live Cattle | Neutral | 37 | 48 | 63 | 19 | 62 | -29 | +10 | +54 | 19 | 31 | -0.62 | – | |
| Metals | Copper | Neutral | 39 | 60 | 66 | 26 | 65 | +0 | +2 | -11 | 26 | 48 | -0.21 | – | |
| Metals | Gold | Bearish | 4 | 100 | 77 | 20 | 59 | -35 | +45 | +10 | 20 | 100 | +2.40 | – | |
| Metals | Palladium | Neutral | 24 | 65 | 93 | 34 | 85 | -4 | +1 | -7 | 33 | 50 | +0.74 | – | |
| Metals | Platinum | Neutral | 56 | 61 | 3 | 56 | 0 | +12 | +4 | -79 | 56 | 61 | +0.80 | – | |
| Metals | Silver | Neutral | 57 | 36 | 69 | 77 | 55 | -27 | +35 | -31 | 77 | 35 | +0.52 | – | |
| Softs | Cocoa | Bullish | 100 | 16 | 0 | 100 | 0 | +49 | -33 | -63 | 100 | 9 | +2.18 | – | |
| Softs | Coffee | Neutral | 24 | 75 | 85 | 22 | 88 | -76 | +75 | +56 | 22 | 75 | +0.49 | – | |
| Softs | Cotton | Neutral | 68 | 32 | 28 | 72 | 34 | +13 | -14 | -2 | 72 | 23 | +0.75 | – | |
| Softs | Lumber | Bullish | 81 | 18 | 16 | 88 | 20 | +48 | -52 | +6 | 88 | 0 | +0.65 | – | |
| Softs | Orange Juice | Neutral | 100 | 32 | 11 | 83 | 9 | +91 | -62 | -14 | 83 | 65 | -0.63 | – | |
| Softs | Sugar | Bullish | 97 | 3 | 17 | 99 | 19 | +3 | +1 | -10 | 99 | 12 | +0.37 | – | |
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