Signals
COT positioning for EUA
COT shows who is crowded. It does not size your obligation.
Updated 2026-08-05 · Model output for professionals · Not investment advice
What desks extract
Direction and extremity of speculative length vs commercial hedging. Extreme speculative overcrowding into soft Day+1 is a different setup than light specs into rising power burn.
Limits
Reporting lags, classification noise, and missing players. Use COT as one signal next to auctions and regime, not as a standalone system.
FAQ
- Does long speculative COT mean sell EUA?
- Not as a rule. Crowding raises squeeze and fade risk. Fundamentals can still dominate. Model output, not advice.