Commitments of Traders Review - COT Report 36/2024!

[@Tyler-zj4un]

Great analysis, Bravo!

[@janosszabo473]

Its a great idea to combine cot data of markets of the same category👍🏻

[@hawkfxresearch1675]

Thanks 🙏

[@roscoe66ify]

Great analysis Thomas. Question, we know that the commercials and non commercials are always countering each other but what of the times what of the times they don't, and say the commercials make a large bullish moves but the non comms don't counter sell that would be considered a bullish signal or vice a verse correct? Hope this makes sense. Thnx

[@COTBASE]

Thanks for your comment, it's a great question. So the first thing everyone has to understand is that futures markets are a zero sum game: for every contract, there is a 'Long' and there is a 'Short' side. If you add up the net positions of Commercials, Large Speculators and Small Speculators, you will get 0. Because Commercials and Large Speculators dominate the market (as they trade the largest volume), usually changes in Commercials net positions are very close to changes in Larges Speculators positions. If we have a situation where the change in C positions is NOT countered by LS, we can conclude the SS are the ones taking it. Generally SS are on the wrong side of the market (Live Stock market are an exception!) so by following this logic, with a larger than average change in C and SS positions, we would be expecting Commercials being correct about the market --> Commercials adding to their net long position (or decreasing their net short) would be Bullish signal and of course vice versa. I hope this helped.