ChartHorizon — weekly futures positioning notes from the Commitments of Traders report

Weekly futures notes on the markets where season, the hedging program from the CFTC's Commitments of Traders report, and term structure line up.

Weekly Tape · October 3, 2026

Lent, Not Spent

Since the Fed's hike, November crude has lost $6.40 while December 2027 gained $3.01: the emergency barrels pulling this winter's price down are loans, repaid with interest from November into 2028.

Hedgers’ Ledger · October 10, 2026

New Hedger High in Euro; New Low in Brent; Record Low in Nasdaq 100

Ten markets at three-year positioning extremes in the CFTC report of 6 October 2026.

The Weekly Tape

• Sep 17, 2026
  Priced to Pass
• Sep 12, 2026
  Failure to Confirm
• Sep 6, 2026
  The Cheaper Instrument
• Sep 1, 2026
  What Volume Buys

All Tape notes →

Hedgers’ Ledger

• Oct 3, 2026
  New Hedger Highs in Platinum and Russell 2000
• Sep 26, 2026
  New Hedger Highs in Coffee and Sterling; New Lows in Nasdaq 100
• Sep 19, 2026
  New Positioning Highs in Lean Hogs and Bitcoin
• Sep 11, 2026
  New Hedger Highs in Russell 2000, Bonds and Milk; New Low in Copper

All Ledger releases →

Back issues →