COT Report Heatmap: Futures Positioning, Decoded
Explore the free Commitments of Traders (COT) report heatmap. See how commercials, large speculators, and small speculators are positioned across futures within a one- or three-year score range.
How to Read the COT Report Heatmap
The CFTC normally releases its weekly report on Friday, reflecting Tuesday’s positions; holidays may delay publication. A cell's 0–100 score rescales the current raw net position between the minimum and maximum observed in the latest 156 weekly reports. For specs, 0 is the lowest and 100 the highest; 50 is halfway between them—not an average, percentile, probability, forecast, or trade signal. Commercial scores are display-inverted so 100 means most hedged.
green = more long exposure than usual for that group
red = less long exposure than usual
Commercial scores are inverted, so a higher commercial score means more hedged and therefore less long exposure.
The interactive charts load as you approach this section.
Get Weekly COT Changes.
One email after each CFTC release: the week's heatmap, every positioning extreme, and the biggest weekly changes. No trade calls — just the readout.
About COTSignal and its data
COTSignal is a futures-positioning dashboard from Big Picture Trading. It uses the CFTC Commitments of Traders Legacy Futures Only reports. Large Specs means Non-Commercial traders, Small Specs means Non-Reportable traders, and Commercials are hedgers. Legacy Non-Commercial positions are distinct from the Managed Money category in the Disaggregated reports. Learn more in the CFTC explanatory notes.
COT Signal is provided for informational and educational purposes only. Nothing on this page constitutes investment advice, a recommendation, or a solicitation to buy or sell any security, futures contract, or other financial instrument. All figures are derived from the CFTC Commitments of Traders reports and reflect positioning as of the report date; data may be delayed or revised. Positioning readings are statements of fact, not predictions - past positioning is not indicative of future results. Big Picture Trading is not a registered investment adviser, broker-dealer, commodity trading advisor, or futures commission merchant in the United States or Canada. Trading futures involves substantial risk of loss and is not suitable for all investors. Consult a qualified financial professional before making any investment decision.