Ercot.Hb_North_Month_7X8_Rtp - Nodal Exchange

064GBD

AgricultureDisaggregated

Signal state

Bearish-28

8-Week Trend

8 weeks agoThis week

Generated market from CFTC archives.

Signal layer

Score breakdown

How the +100 to -100 conviction score is calculated

Macro Score

+40 pts

Target Exposure

-28%

Market History

Net Positioning History

Historical net positioning (Longs minus Shorts) for the reference trader group.

Compare Markets

Ercot.Hb_North_Month_7X8_Rtp - Nodal Exchange — Managed Money — 6 Month Positioning Report
Report Date	Long Positions	Short Positions	Change in Longs	Change in Shorts	Net Positions	Net Change	% OI Long	% OI Short	Open Interest
Max	2,525	825	+1,000	+825	2,525	+1,000	7.4%	2.2%	37,575
Min	0	0	-1,975	+0	-825	-1,975	0.0%	0.0%	27,495
13 Per. Avg	1,194	63	-29	+63	1,131	-92	3.8%	0.2%	31,833
May 26, 2026	0	825	-175	+825	-825	-1,000	0.0%	2.2%	37,575
May 19, 2026	175	0	-375	+0	175	-375	0.5%	0.0%	36,675
May 12, 2026	550	0	-1,350	+0	550	-1,350	1.6%	0.0%	34,275
May 5, 2026	1,900	0	+0	+0	1,900	+0	5.5%	0.0%	34,715
Apr 28, 2026	1,900	0	+0	+0	1,900	+0	5.5%	0.0%	34,715
Apr 21, 2026	1,900	0	+0	+0	1,900	+0	5.5%	0.0%	34,605
Apr 14, 2026	1,900	0	+175	+0	1,900	+175	6.1%	0.0%	31,005
Apr 7, 2026	1,725	0	+0	+0	1,725	+0	6.0%	0.0%	28,720
Mar 31, 2026	1,725	0	+100	+0	1,725	+100	6.0%	0.0%	28,720
Mar 24, 2026	1,625	0	+250	+0	1,625	+250	5.7%	0.0%	28,670
Mar 17, 2026	1,375	0	+1,000	+0	1,375	+1,000	4.8%	0.0%	28,495
Mar 10, 2026	375	0	+0	+0	375	+0	1.4%	0.0%	27,495
Mar 3, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	28,160
Feb 24, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	28,160
Feb 17, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	28,160
Feb 10, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	28,160
Feb 3, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	28,825
Jan 27, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	29,725
Jan 20, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	29,725
Jan 13, 2026	375	0	+0	+0	375	+0	1.3%	0.0%	29,425
Jan 6, 2026	375	0	-175	+0	375	-175	1.2%	0.0%	31,375
Dec 30, 2025	550	0	+0	+0	550	+0	1.8%	0.0%	31,375
Dec 23, 2025	550	0	+0	+0	550	+0	1.8%	0.0%	31,375
Dec 16, 2025	550	0	+0	+0	550	+0	1.8%	0.0%	31,375
Dec 9, 2025	550	0	-1,975	+0	550	-1,975	1.8%	0.0%	31,375
Dec 2, 2025	2,525	0	+0	+0	2,525	+0	7.4%	0.0%	34,000

COT report

Longs vs shorts by trader category — week by week

Browse the official CFTC report week by week to see how each trader group's positioning has shifted. The WoW Δ column shows the net contract change from the prior week.

May 26, 2026(Latest)

Open interest: 37,575 contractsWeek 1 of 26

Trader type	Long	Short	Net	Long % OI	Short % OI	Net % OI	WoW Δ Net
Managed Money Reference group used for the main bias model	0	825	-825	+0.0%	+2.2%	-2.2%	-1,000
Other Reportables	7,200	250	6,950	+19.2%	+0.7%	+18.5%	+0
Producer Merchant	21,250	27,980	-6,730	+56.5%	+74.5%	-17.9%	+1,000
Swap Dealers	2,925	2,500	425	+7.8%	+6.7%	+1.1%	+0
Nonreportable	2,675	2,495	180	+7.1%	+6.6%	+0.5%	+0

Interpretation layer

Why the terminal reads this market the way it does

The platform turns the underlying scores into a readable narrative: pressure, confirmation, macro support, and crowding.

Positioning pressure

Bearish positioning is building. This week's COT print is more bearish than the prior week.

Trend check

Price trend is flat, so momentum is not adding much confirmation yet.

Macro check

Macro conditions are fighting the current positioning.

Crowding

Traders are heavily crowded short.

Current positioning

Bearish positioning is building. Traders are heavily crowded short. Managed Money is currently net short by 825 contracts.

Macro regime

Macro signals are modestly supportive for Ercot.Hb_North_Month_7X8_Rtp - Nodal Exchange.

Replay summary

Constructive bearish regime. Bearish positioning is building. Price trend is flat, so momentum is not adding much confirmation yet. Macro conditions are fighting the current positioning.

Risk layer

Veto reasons and caution flags

These are the conditions that reduce conviction even when the raw positioning signal looks strong.

Extreme crowding — squeeze risk elevated.

Price trend does not confirm positioning.

Macro environment is not supportive.