German Power Positioning
German Power positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. It shows who holds the open interest each week and which way they lean, the EU counterpart of the CFTC's Commitments of Traders report.
What drives German Power positioning
German baseload power is Europe's most liquid power contract. Positioning follows gas and carbon costs, renewable output, the weather and cross-border flows; utilities and industrial buyers hedge on the commercial side.
How to read German Power positioning
Read German Power positioning against its own history: where the investment-fund net sits in its 52-week and 3-year range, and whether commercial hedgers lean the other way.
COTInsight scores German Power every week on the layers that do not need a price: the 52-week z-score, the 3-year COT Index, the regime classifier, momentum and streak, the open-interest trend, concentration, and the positioning cycle. There is no price series for this contract, so no divergence flag and no outcome statistics.
ESMA, MiFID II Article 58 weekly position reports, available free of charge at registers.esma.europa.eu. COTInsight regroups ESMA's position categories into its own columns and calculates its own statistics from them; ESMA does not endorse COTInsight.
German Power positioning FAQ
Which report covers German Power?
German Power positioning comes from the weekly MiFID II Article 58 position report that the trading venue files and ESMA republishes in its register, which splits open interest into investment funds, investment firms and credit institutions, other financial institutions, commercial undertakings and operators with compliance obligations. COTInsight maps investment funds to the speculative side and commercial undertakings plus operators with compliance obligations to the hedging side.
How often is German Power positioning updated?
Each venue reports positions as of the end of every week. COTInsight checks ESMA's register every week and shows the date of the latest report beside the reading.
Why are there no price statistics for German Power?
COTInsight has no price series for German Power, so the page carries no divergence flag and no outcome statistics. The positioning layers do not need a price.
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