Committment of traders: Commitments of Traders COT reports and charts

time to time

The tendency for large specs to use trend-following strategies can also be observed, as the general direction of their trading activity and the price of gold move relatively in-line. The purple area is the Daily December Futures contract subtracted by the current price. The blue area is the Daily September futures contract subtracted by the current price. The green area is the Daily June futures contract subtracted by the current price. This is a long term/investment type of strategy designed to have a good idea about where the big trend direction is headed. Its logic, its made entirely on the COT report, mainly from looking into the net non comercial positions aka the speculators.

leveraged funds

An inquiry was conducted jointly with the local police to confirm no mala fide intent was involved. Regret was along with condolences through a personal visit to the family. However, the original COT reports are text based and the CFTC does not provide any data analytics tools. Let’s look at how we might be able to utilize the information observed in the activity of large speculators. When strong trends develop, this group tends to be buying when the market is rising and selling when the market is falling. By looking at which direction their positioning is heading, this information can be used as not only a gauge of direction but trend strength as well.

He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. Thus a positive number means they hold more long positions than short and vice versa. Every other reportable trader that is not placed into one of the other three categories is placed into the “other reportables” category. While conducting counter-terrorist operations, soldiers do make genuine mistakes from time to time. These could be forgivable, but only after a thorough investigation.

IGCS can be an effective contrarian indicator as the retail crowd tends to trade against developing trends. The commitment of traders report shows how large speculators are positioned across futures markets on the CME exchange. The disaggregated COT report is another one that is commonly known by traders.

Various ways COT data can be interpreted and incorporated into your trading methodology

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate. Open interest is the total of all futures and/or option contracts entered into and not yet offset by a transaction, by delivery, by exercise, etc. Short and Long Format of ReportsThe Legacy and Disaggregated reports are available in both a short and long format.

High prices, low volatility – Beef Magazine

High prices, low volatility.

Posted: Wed, 08 Mar 2023 15:56:02 GMT [source]

It provides a deeper breakdown of the market participants, splitting commercial traders into producers, merchants, processors, users, andswapdealers. The noncommercial participants are split between managed money and other reportables. For example, traders are classified as non-commercial or commercial, and that holds for every position they have within that particular commodity. This means that an oil company with a small hedge and a much larger speculative trade on crude will have both positions show up in the commercial category. Simply put, even the disaggregated data is too aggregated to be said to accurately represent the market.

In December 2004, I presided over the GCM of an officer accused of molesting a woman and her young daughter during the conduct of an operation. The officer could have been protected under AFSPA but the Army decided to prosecute him based on evidence. The GCM’s finding of attempted molestation and its sentence of dismissal was as per rules confirmed by the headquarters, but the same was set aside by a higher civil court. Sometimes, in its enthusiasm to be seen as above board, the Army may take decisions that appear to go against the interests of its rank and file. We previously looked at using the COT report in FX trading, in this article, we take more of a big-picture perspective on this very important sentiment report.

COT reports are used by many speculative traders to help making decisions on whether to take a long or short position. Many traders use momentum indicators such as RSI and Stochastics to identify when a market may be overbought or oversold. As an intermediate to long-term indicator the COT profile of large speculators can be used similarly.

Current Forex Rates

Reportable traders that are not placed into one of the first three categories are placed into the “other reportables” category. The traders in this category mostly are using markets to hedge business risk, whether that risk is related to foreign exchange, equities or interest rates. This category includes corporate treasuries, central banks, smaller banks, mortgage originators, credit unions and any other reportable traders not assigned to the other three categories. These are typically hedge funds and various types of money managers, including registered commodity trading advisors ; registered commodity pool operators or unregistered funds identified by CFTC. The strategies may involve taking outright positions or arbitrage within and across markets.


It is not unusual to see traders close profitable positions to cover losses elsewhere. We cannot assume that any market’s report escaped this week’s volatility unaffected. The CFTC releases the weekly COT reports in static format to support the historical usage patterns of industry professionals viewing and accessing each week’s data. Each historical report is viewable with the data for the respective reporting week, along with all historical data compressed within an annual file. We can safely take the commercial traders out of the equation since we already have a good idea of what they are doing by just looking at what large speculators are doing.

Understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. The producer price index is a monthly measure of change in the prices received by domestic producers. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

How do you read the Commitments of Traders report?

We won’t focus on small speculators, as they tend to exhibit more erratic behavior, but loosely follow the positioning of the large speculators. It’s just not with the same degree of negative correlation observed between large speculators and hedgers. A commercial trader trades on behalf of a business or institution.

Notice that the Red bars are all pointing down, which indicates that the Commercials are all selling, or going short. Notice that the Blue bars are all facing up, which means the Large Speculators are buying, going long in the market. Basically, the Red guys, the big Commercials are selling their contracts to the Blue guys, the Big Speculators.


With the BOJ governor Kuroda set to hand over the reigns and hold his last meeting in March, it’s possible we may see the central bank abandon YCC and / or negative interest rates. Yet whist gross shorts are now at a 22-month low, we’re yet to see a notable pickup of new long bets. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

tff report

The line how to start forex trading for beginners shows if the Commercials, Institutionals and Retail Traders are more long biased or more short biased… COT reports are used across markets, so you’ll be able to obtain reports on forex, gold, indices and more. We have seen a steady decline of short bets against the yen since October, as trade increasingly suspect the BOJ are moving away from their ultra-loose policy.

Commitments of Traders Data (COT)

The traders may be engaged in managing and conducting proprietary futures trading and trading on behalf of speculative clients. Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Spot Gold and Silver contracts are not subject to regulation under the U.S. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite.


The Pathribal encounter and Kunan Poshpora mass rape case have been investigated and inadequate evidence found to initiate any prosecution. In some cases, like the one involving the fake encounter at Machil in 2010, the opposite may happen. I inherited this case in 2010; we fought tooth and nail to take over the case as per law and convened a GCM and punished the alleged culprits. But when challenged in another higher court, it did not meet approval. If the army has to wait for information that is 100 per cent sure, it will hardly be able to conduct operations.

Green – Non Commercials – Speculators Red – Commercials – Producers This script is multi time-frame and… This script marks the last Friday of the month in a daily chart because this is the day when BTC and ETH options expire according to Deribit. I only found a script that highlights the 3rd Friday of the month, which is not what I wanted.

  • The Commitment of Traders COT Reports provide insights into the positions of traders in different markets including Forex financial markets, Metals , Cryptocurrencies , Stocks, Indices, and more.
  • The supplemental report is the one that outlines 13 specific agricultural commodity contracts.
  • The key distinguishing factor here from the prior times was that large specs were net-short and there also wasn’t any confluence with price changing trend (i.e. breakout above resistance).
  • With the BOJ governor Kuroda set to hand over the reigns and hold his last meeting in March, it’s possible we may see the central bank abandon YCC and / or negative interest rates.

The Commitments of Traders report is read in tables, in which each row will tell you the market and each column looks at the open interest, long positions and short positions. You’ll also be able to see which actors have taken positions, including dealers, institutions or funds. A futures exchange is a central marketplace, physical or electronic, where futures contracts and options on futures contracts are traded. Reporting firms send Tuesday open interest data on Wednesday morning. The CFTC then corrects and verifies the data for release by Friday afternoon.