Each week we break down the CFTC Commitment of Traders (COT) data across all the global financial markets. We run the numbers, ratios, correlations, and divergence formulas to spot when commercials (smart money) and large speculators are positioned. Divergence over 5+ is recorded in the report and divergence over 10+ triggers further analysis for potential trade setups or big market moves. Essentially, it's a quantitative, data-driven outlook to help you make smarter, more informed trading decisions every week.

No catch, our weekly report is free and will always be free. All we ask for is your email address and that you read it.

The CFTC (Commodity Futures Trading Commission) is a U.S. regulator that oversees futures and derivatives markets. Each week, it publishes the Commitment of Traders (COT) report - data showing how major market participants are positioned. This gives insight into what the smart money is doing across global markets and where it's moving.

We track CFTC COT data, which shows how the largest players, commercial hedgers and funds are positioned in every major market. By comparing changes in those positions week to week, we can see where institutional money is rotating before price reacts. By analyzing formulas, ratios, and divergences, we can see where the smart money is increasing exposure. Once divergence passes 10, it’s often a sign that a significant shift is coming.

A 10+ divergence signals that commercials and large specs are positioned in opposite extremes, it's a rare setup that often precedes with major move / shift in direction. It's a huge sign / potential indicator. Whenever divergence is high within the financial markets you will be the first to know about it with thebankrun.

Technical analysis looks at price action; we look at who's behind the price action. COT data shows trader behavior and the fuel that drives those chart patterns in the first place.

No. The report is designed to be clear and practical, not academic. We do the heavy lifting, crunching the numbers, running the formulas, and surfacing only the key insights. You get a clean, easy-to-read summary that tells you where the smart money's moving and why it matters.

No. thebankrun.co publications are not financial advice. It's a data-driven research report that interprets public CFTC data to highlight market positioning and sentiment. You should always make your own investment decisions or consult a licensed financial advisor before acting on any information.