The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" commercial hedgers didn't make any major moves following the Good Friday holiday. Most of the contracts that were at extremes showed modest reversals in positioning. In the major equity index futures, hedgers moved back to an almost neutral position but curiously remain net long. They reduced their exposure to precious metals, but are well above their large short exposure from January. A pullback in some agriculture contracts prompted them to cover some shorts, but they're still holding aggressive short exposure there.
