TGT Zone 1 Basis
Weekly CFTC positioning for TGT Zone 1 Basis on ICE Futures Energy Div: the disaggregated report (managed money, producers, swap dealers), futures only.
As of 27 October 2026, managed money was net long 2,414 contracts in TGT Zone 1 Basis while swap dealers were net short 50,646 contracts, so the two groups are positioned against each other. Managed money cut 186 net contracts over one week, cut 539 net contracts over four weeks and cut 12,430 net contracts over 52 weeks. The COT Index sits at 32%, the middle of its one-year range. Open interest is 233,344 contracts, the 15th largest of 101 other markets by open interest. Weekly reports since January 2022.
2,414
Managed money, net
contracts
-50,646
Swap dealers, net
contracts
233,344
Open interest
contracts
32%
COT index, 1 year
mid range
As of 2026-10-27. Positions as of the Tuesday report date; published by the CFTC on Friday.
Embed this chart.The embed keeps its attribution line.
<iframe src="https://xoomar.com/embed/cot/tgt-zone-1-basis" width="100%" height="440" style="border:0;max-width:100%" loading="lazy" title="XOOMAR chart"></iframe>
Recent Reports
| Date | OI | Managed money, net | Swap dealers, net |
|---|---|---|---|
| 2026-10-27 | 233,344 | 2,414 | -50,646 |
| 2026-10-20 | 226,783 | 2,600 | -48,554 |
| 2026-10-13 | 223,539 | 1,650 | -48,271 |
| 2026-10-06 | 221,610 | 3,170 | -48,063 |
| 2026-09-29 | 231,832 | 2,953 | -52,420 |
| 2026-09-22 | 230,776 | 3,976 | -53,274 |
| 2026-09-15 | 230,518 | 4,344 | -53,759 |
| 2026-09-08 | 226,050 | 4,282 | -52,029 |
| 2026-09-01 | 232,434 | 6,229 | -56,219 |
| 2026-08-25 | 229,453 | 6,353 | -54,282 |
| 2026-08-18 | 228,261 | 5,933 | -55,244 |
| 2026-08-11 | 222,962 | 5,933 | -57,802 |
| 2026-08-04 | 234,397 | 5,201 | -63,478 |
| 2026-07-28 | 234,678 | 4,160 | -71,776 |
| 2026-07-21 | 230,361 | 4,160 | -73,619 |
| 2026-07-14 | 233,090 | -3,566 | -66,628 |
| 2026-07-07 | 218,674 | -755 | -64,917 |
| 2026-06-23 | 222,573 | 0 | -67,728 |
| 2026-06-16 | 211,815 | 0 | -65,158 |
| 2026-06-09 | 209,220 | 1,170 | -68,582 |
| 2026-06-02 | 218,520 | 870 | -73,332 |
| 2026-05-26 | 211,512 | 1,052 | -75,718 |
| 2026-05-19 | 211,333 | 1,052 | -75,478 |
| 2026-05-12 | 208,320 | 1,236 | -75,183 |
| 2026-05-05 | 189,616 | 1,752 | -68,356 |
| 2026-04-28 | 193,557 | 1,782 | -71,058 |
| 2026-04-21 | 190,261 | 1,812 | -70,208 |
| 2026-04-14 | 177,074 | 1,812 | -68,334 |
| 2026-04-07 | 171,986 | 0 | -68,668 |
| 2026-03-31 | 182,052 | 0 | -74,710 |
| 2026-03-24 | 180,105 | 0 | -72,854 |
| 2026-03-17 | 175,780 | 0 | -69,988 |
| 2026-03-10 | 174,863 | 0 | -70,018 |
| 2026-03-03 | 188,973 | 3,117 | -79,223 |
| 2026-02-24 | 185,953 | 3,117 | -78,191 |
| 2026-02-17 | 182,296 | 3,117 | -79,804 |
| 2026-02-10 | 179,498 | 3,117 | -77,737 |
| 2026-02-03 | 193,381 | 4,489 | -82,508 |
| 2026-01-27 | 167,935 | 5,040 | -80,728 |
| 2026-01-20 | 163,181 | 5,040 | -79,172 |
| 2026-01-13 | 161,270 | 6,324 | -77,808 |
| 2026-01-06 | 159,788 | 9,106 | -77,538 |
| 2025-12-30 | 171,087 | 10,413 | -84,085 |
| 2025-12-23 | 171,366 | 11,703 | -84,203 |
| 2025-12-16 | 172,444 | 11,703 | -86,787 |
| 2025-12-09 | 167,473 | 11,815 | -86,378 |
| 2025-12-02 | 181,165 | 13,331 | -93,429 |
| 2025-11-25 | 182,023 | 13,331 | -93,459 |
| 2025-11-18 | 180,206 | 13,157 | -92,863 |
| 2025-11-10 | 174,599 | 13,377 | -89,044 |
| 2025-11-04 | 185,811 | 14,844 | -94,739 |
| 2025-10-28 | 182,930 | 14,844 | -92,916 |
Related markets
What the latest data says
As of 27 October 2026, managed money net position in TGT Zone 1 Basis is net long 2,414 contracts, down 539 contracts over the last four weeks. Over the last 52 readings it ranged from -3,566 contracts (14 July 2026) to 14,844 contracts (28 October 2025).
What this data is
CFTC positioning (COT) for TGT Zone 1 Basis
Every Friday at 3:30 pm Eastern the CFTC publishes who held what in US futures markets as of the previous Tuesday. Large traders are grouped by what they do, not who they are, and the report shows each group's long, short and spread positions. That's the Commitments of Traders report, published weekly for futures on currencies, rates, equity indices, energy, metals and agriculture.
Financial futures use the Traders in Financial Futures format: dealers and intermediaries, asset managers and institutional investors, leveraged funds, and other reportables. Commodities use the disaggregated format: producers, merchants, processors and users; swap dealers; managed money; and other reportables. Positions too small to report are shown as nonreportable in both.
This page follows TGT Zone 1 Basis only. The full list and the cross-market view live on the CFTC positioning (COT) hub.
Source and updates
- Source
- CFTC Commitments of Traders (Traders in Financial Futures and Disaggregated reports)
- Credit
- CFTC.
- Updates
- Weekly. Positions as of Tuesday, published by the CFTC on Friday at 3:30 pm Eastern and added here the same evening. Latest report 2026-10-27.
- History
- 25 January 2022.
- This series
- 248 weekly reports on file, 2022-01-25 to 2026-10-27.Disaggregated format, futures only, ICE Futures Energy Div.
- Get the data
- JSON API and CSV download10 requests a minute without a key, 30 with a free key from a free account.
How to read it
- Look at the net position of the speculative category (leveraged funds or managed money) relative to its own history, not its absolute size.
- When speculators and the structural side (asset managers or producers) sit at opposite ends of their own ranges, the two groups are positioned against each other.
- Open interest is the denominator. A net long that grew while open interest shrank is a crowd getting smaller, not more confident.
Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.
Related
Frequently Asked Questions
When does this data update?
What does a negative net position mean?
Which categories does the TGT Zone 1 Basis report use?
What is the COT Index?
Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.