Pjm.Aep_Month_Off_Dap - Nodal Exchange

064DLR

AgricultureDisaggregated

Signal state

Neutral-23

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

+8 pts

Target Exposure

-23%

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	2,820	0	+0	+0	2,820	+0	7.5%	0.0%	37,458
Min	2,100	0	-120	+0	2,100	-120	6.2%	0.0%	32,535
13 Per. Avg	2,248	0	-28	+0	2,248	-28	6.5%	0.0%	34,430
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	-120	+0	2,460	-120	7.0%	0.0%	35,302
Nov 25, 2025	2,580	0	+0	+0	2,580	+0	7.3%	0.0%	35,302
Nov 18, 2025	2,580	0	+0	+0	2,580	+0	7.3%	0.0%	35,302
Nov 10, 2025	2,580	0	+0	+0	2,580	+0	7.3%	0.0%	35,302
Nov 4, 2025	2,580	0	-120	+0	2,580	-120	7.4%	0.0%	34,642
Oct 28, 2025	2,700	0	+0	+0	2,700	+0	7.4%	0.0%	36,470
Oct 21, 2025	2,700	0	+0	+0	2,700	+0	7.4%	0.0%	36,470
Oct 14, 2025	2,700	0	+0	+0	2,700	+0	7.5%	0.0%	35,750
Oct 7, 2025	2,700	0	-120	+0	2,700	-120	7.5%	0.0%	35,750
Sep 30, 2025	2,820	0	+0	+0	2,820	+0	7.5%	0.0%	37,458

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.

Mar 24, 2026(Latest)

Open interest: 32,555 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	2,100	0	2,100	+6.5%	+0.0%	+6.5%	+0
Swap Dealers	8,561	1,560	7,001	+26.3%	+4.8%	+21.5%	+120
Other Reportables	0	5,526	-5,526	+0.0%	+17.0%	-17.0%	+0
Producer Merchant	20,680	24,684	-4,004	+63.5%	+75.8%	-12.3%	-360
Nonreportable	909	480	429	+2.8%	+1.5%	+1.3%	+240

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 mostly neutral right now.

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 2,100 contracts.

Macro regime

Macro conditions are mostly neutral 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 mostly neutral right now.

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.