What is the RBOB Gasoline COT report?

It is the weekly CFTC Commitments of Traders breakdown for Gasoline RBOB (NYMEX): 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 RBOB Gasoline 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 RBOB Gasoline 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 RBOB Gasoline?

A bearish divergence is RBOB 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.

Gasoline RBOB (NYMEX)

RBOB Gasoline positioning

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

Last weekly close · RBOB futures (front month)

3.5073

Managed money net position (contracts)

83,171

Convergence — healthy uptrendJul 21, 2026 → Sep 15, 2026 · 8-week window

Price and positioning are rising together: the trend is well supported.

price +3.3% · managed money net position +9,464 (contracts, over 8 weekly reports)

Price vs positioning (contracts)

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

Price — RBOB 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)57 · neutral

Middle of its own historical range — nothing stretched.

Commercial (hedgers)34 · neutral

Leaning short, but not yet at an extreme.

Managed money83 · stretched long

Near the most bullish this group has been in the window.

Producers / merchants30 · neutral

Leaning short, but not yet at an extreme.

Swap dealers50 · neutral

Middle of its own historical range — nothing stretched.

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.

Managed money — 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

The two groups are pulling apart, above their usual range.

Current gap (contracts)

+174,644 contracts

Left axis: gap in contracts (positive = Managed money is more net long than Producers / merchants). Right axis: disagreement index, 0–100. Gap tracks Managed money − Producers / merchants.

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)	104,443	41,522	62,921	-10,271	57
Commercial (hedgers)	162,463	240,260	-77,797	+9,629	34
Managed money	95,916	12,745	83,171	-9,677	83
Producers / merchants	97,400	188,873	-91,473	+10,556	30
Swap dealers	52,131	38,455	13,676	-927	50

Signal log — Managed money

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.

Convergence — healthy uptrendJul 21, 2026 → Sep 15, 2026price +3.3% · net position +9,464 contracts
Bullish divergenceJul 14, 2026 → Sep 8, 2026price -2.5% · net position +24,123 contracts
Convergence — healthy uptrendJun 23, 2026 → Sep 1, 2026price +8.7% · net position +18,120 contracts
Bullish divergenceJun 9, 2026 → Aug 4, 2026price -2.1% · net position +5,760 contracts
Convergence — healthy uptrendMay 26, 2026 → Jul 28, 2026price +3.0% · net position +6,815 contracts
Bullish divergenceMar 31, 2026 → Jul 14, 2026price +3.2% · net position +5,242 contracts
Bearish divergenceFeb 3, 2026 → May 19, 2026price +76.8% · net position -6,057 contracts
Convergence — healthy uptrendDec 16, 2025 → Mar 24, 2026price +90.3% · net position +8,313 contracts
Bearish divergenceDec 2, 2025 → Feb 3, 2026price +6.5% · net position -27,560 contracts
Convergence — healthy downtrendNov 4, 2025 → Jan 20, 2026price -4.6% · net position -1,164 contracts
Bullish divergenceOct 14, 2025 → Dec 16, 2025price -7.0% · net position +28,777 contracts
Convergence — healthy uptrendSep 30, 2025 → Nov 25, 2025price +1.9% · net position +36,088 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.