Pjm.Aep_Month_Off_Dap - Nodal Exchange

064DLR

AgricultureDisaggregated

Signal state

Neutral-20

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

-20%

Market History

Net Positioning History

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

Compare Markets

Pjm.Aep_Month_Off_Dap - 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	2,460	0	+0	+0	2,460	+0	7.3%	0.0%	35,906
Min	1,860	0	-120	+0	1,860	-120	5.6%	0.0%	30,935
13 Per. Avg	1,998	0	-28	+0	1,998	-28	6.2%	0.0%	32,431
May 26, 2026	1,860	0	+0	+0	1,860	+0	5.6%	0.0%	32,987
May 19, 2026	1,860	0	+0	+0	1,860	+0	5.6%	0.0%	32,987
May 12, 2026	1,860	0	+0	+0	1,860	+0	5.8%	0.0%	32,027
May 5, 2026	1,860	0	-120	+0	1,860	-120	6.0%	0.0%	30,935
Apr 28, 2026	1,980	0	+0	+0	1,980	+0	6.1%	0.0%	32,698
Apr 21, 2026	1,980	0	+0	+0	1,980	+0	6.2%	0.0%	31,992
Apr 14, 2026	1,980	0	+0	+0	1,980	+0	6.3%	0.0%	31,392
Apr 7, 2026	1,980	0	-120	+0	1,980	-120	6.3%	0.0%	31,392
Mar 31, 2026	2,100	0	+0	+0	2,100	+0	6.3%	0.0%	33,215
Mar 24, 2026	2,100	0	+0	+0	2,100	+0	6.5%	0.0%	32,555
Mar 17, 2026	2,100	0	+0	+0	2,100	+0	6.5%	0.0%	32,535
Mar 10, 2026	2,100	0	-120	+0	2,100	-120	6.5%	0.0%	32,535
Mar 3, 2026	2,220	0	+0	+0	2,220	+0	6.5%	0.0%	34,353
Feb 24, 2026	2,220	0	+0	+0	2,220	+0	6.5%	0.0%	34,353
Feb 17, 2026	2,220	0	+0	+0	2,220	+0	6.5%	0.0%	34,283
Feb 10, 2026	2,220	0	+0	+0	2,220	+0	6.5%	0.0%	34,273
Feb 3, 2026	2,220	0	-120	+0	2,220	-120	6.2%	0.0%	35,906
Jan 27, 2026	2,340	0	+0	+0	2,340	+0	6.5%	0.0%	35,906
Jan 20, 2026	2,340	0	+0	+0	2,340	+0	6.5%	0.0%	35,906
Jan 13, 2026	2,340	0	+0	+0	2,340	+0	6.8%	0.0%	34,541
Jan 6, 2026	2,340	0	-120	+0	2,340	-120	6.6%	0.0%	35,224
Dec 30, 2025	2,460	0	+0	+0	2,460	+0	7.0%	0.0%	35,224
Dec 23, 2025	2,460	0	+0	+0	2,460	+0	7.1%	0.0%	34,624
Dec 16, 2025	2,460	0	+0	+0	2,460	+0	7.3%	0.0%	33,544
Dec 9, 2025	2,460	0	+0	+0	2,460	+0	7.3%	0.0%	33,544
Dec 2, 2025	2,460	0	+0	+0	2,460	+0	7.0%	0.0%	35,302

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: 32,987 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	1,860	0	1,860	+5.6%	+0.0%	+5.6%	+0
Other Reportables	526	7,988	-7,462	+1.6%	+24.2%	-22.6%	+0
Swap Dealers	8,331	910	7,421	+25.3%	+2.8%	+22.5%	+0
Producer Merchant	21,300	23,484	-2,184	+64.6%	+71.2%	-6.6%	+120
Nonreportable	665	300	365	+2.0%	+0.9%	+1.1%	-120

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

The market is leaning bearish. This week looks steady versus the recent range.

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

The market is leaning bearish. Traders are heavily crowded short. Managed Money is currently net long by 1,860 contracts.

Macro regime

Macro signals are modestly supportive for Pjm.Aep_Month_Off_Dap - Nodal Exchange.

Replay summary

Mixed regime. The market is leaning bearish. 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.