COT Report Reveals August 21 Market Positioning Extremes

The latest Commitment of Traders (COT) report highlights key positioning extremes across various assets for August 21, 2026. Commercial and Large Speculator positions are near the upper end of their 26-week ranges in several markets.

Australian Dollar futures saw a price increase of 1.22%, with Commercial positioning at the upper end of its range. Large Speculators were net short by -44,159 contracts, while speculative net positioning shifted lower by 4,936 contracts. The COT Index for this asset is at 98%.

Natural Gas also saw a price increase of 3.06%, with Commercial positioning near the upper end of its range. Large Speculators were net short by -203,503 contracts, while speculative net positioning shifted lower by 6,368 contracts. The COT Index for this asset is at 96%.

Gold saw a price increase of 5.18%, with Commercial positioning at the lower end of its range. Large Speculators were net long by +222,189 contracts, while speculative net positioning increased by 4,249 contracts. The COT Index for this asset is at 0%.