CFTC managed-money net positioning across WTI, gold, copper, silver and wheat, each as a 3-year rolling z-score.
How to read Where speculative futures positioning sits versus its own 3-year history — a present-crowding read across the complex.
Descriptive and causally-agnostic — positioning extremes are reported, never read as a contrarian forecast; outside agriculture, swap-dealer flows are a noisy proxy for index demand (Cheng-Xiong).