What is the Swiss Franc COT report?

It is the weekly CFTC Commitments of Traders breakdown for Swiss franc (CME): how many long and short futures contracts each group of large traders held as of the prior Tuesday, published the following Friday.

How do you read Swiss Franc net positioning?

Net position is long contracts minus short contracts for one trader group. A positive net means the group leans bullish; the weekly change matters more than the raw level.

What does the Swiss Franc COT index mean?

The COT index rescales a group's net position 0-100 against its own high and low over the chosen lookback. Above 80 is close to the most bullish that group has been; below 20 is close to the most bearish.

What is a bearish divergence in Swiss Franc?

A bearish divergence is Franc futures (front month) making new highs while the tracked trader group reduces its net long position — the rally is losing the sponsorship of the money that usually drives it.

Swiss franc (CME)

Swiss Franc positioning

Price series: Franc futures (front month) · positions as of Tuesday Sep 15, 2026, published Friday Sep 18, 2026

Last weekly close · Franc futures (front month)

1.2246

Asset managers net position (contracts)

-36,121

No signalJul 21, 2026 → Sep 15, 2026 · 8-week window

Neither price nor positioning has moved enough this window to say anything.

Price vs positioning (contracts)

Price on top, and what the big traders were holding underneath it.

Price — Franc futures (front month)

Net position (contracts) — Net position = long contracts minus short contracts. Above the zero line = net long.

Signal classification tracks bullish divergencebearish divergenceconvergence (healthy trend)

COT Index

0–100 · vs last 3 years

How extreme today's positioning is compared with this group's own history.

Each group's current net position, rescaled 0–100 against its own high and low over the selected lookback. 0 = most bearish it has been in that window, 100 = most bullish. Unitless by design, so markets of very different sizes can be compared.

Non-commercial (large specs)45 · neutral

Middle of its own historical range — nothing stretched.

Commercial (hedgers)72 · neutral

Leaning long, but not yet at an extreme.

Asset managers35 · neutral

Leaning short, but not yet at an extreme.

Leveraged funds28 · neutral

Leaning short, but not yet at an extreme.

0 · most bearish50 · mid-range100 · most bullish

COT Index = ((Current − Min) / (Max − Min)) × 100, over the last 3 years

Method credit: the 0–100 normalization goes back to Larry Williams' COT work in the 1980s and was developed and popularized by Stephen Briese, author of The Commitments of Traders Bible.

Asset managers — COT index history (0–100, rolling 3 years window)

Disagreement Index

contracts · index 0–100

How far apart two trader groups are right now.

Gap = group A's net position minus group B's, measured in contracts. The Disagreement Index rescales that difference 0–100 against its own last 3 years: 0 = the two groups as close together as they get, 100 = as far apart as they get.

Disagreement Index · vs last 3 years

Disagreement sits in its normal historical range — nothing stretched.

Current gap (contracts)

+21,157 contracts

Left axis: gap in contracts (positive = Leveraged funds is more net long than Asset managers). Right axis: disagreement index, 0–100. Gap tracks Leveraged funds − Asset managers.

Latest week by category

What each trader group was holding in the most recent report.

Positions as of Tuesday Sep 15, 2026, published Friday Sep 18, 2026, compared with the prior weekly report. Positive net = net long; negative net = net short. COT index is measured over the last 3 years.

Category	Long (contracts)	Short (contracts)	Net (contracts)	Weekly change (contracts)	COT index (0–100, 3y)
Non-commercial (large specs)	20,263	49,251	-28,988	+997	45
Commercial (hedgers)	94,719	50,245	44,474	+2,970	72
Asset managers	13,903	50,024	-36,121	-444	35
Leveraged funds	9,671	24,635	-14,964	-1,524	28

Signal log — Asset managers

Every past signal in this market, and what price did afterwards.

Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.

Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.

Bullish divergenceJul 14, 2026 → Sep 8, 2026price -1.7% · net position +5,912 contracts
Convergence — healthy downtrendApr 28, 2026 → Jul 7, 2026price -3.2% · net position -5,774 contracts
Bullish divergenceApr 7, 2026 → Jun 9, 2026price -1.7% · net position +5,537 contracts
Convergence — healthy uptrendMar 10, 2026 → May 5, 2026price +2.2% · net position +16,750 contracts
Bullish divergenceJan 27, 2026 → Apr 21, 2026price -1.6% · net position +15,602 contracts
Bearish divergenceOct 28, 2025 → Mar 3, 2026price +3.1% · net position -16,715 contracts
Convergence — healthy downtrendSep 23, 2025 → Nov 25, 2025price -1.4% · net position -8,215 contracts
Bearish divergenceJul 29, 2025 → Sep 30, 2025price +1.9% · net position -3,523 contracts
Convergence — healthy downtrendJul 1, 2025 → Aug 26, 2025price -1.5% · net position -2,674 contracts
Bearish divergenceApr 22, 2025 → Jul 29, 2025price +2.3% · net position -10,315 contracts
Convergence — healthy uptrendJan 14, 2025 → May 27, 2025price +10.8% · net position +11,733 contracts
Convergence — healthy downtrendSep 3, 2024 → Jan 28, 2025price -7.1% · net position -17,111 contracts

Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.