cobalt futures

COT reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. Many speculative traders use the Commitments of Traders report to help them decide whether or not to take a long or short position. One theory is that “small speculators” are generally wrong and that the best position is contrary to the net non-reportable position. Another theory is that commercial traders understand their market the best and taking their position has a better chance of profit (which is pretty much the same thing as the “small speculators” being wrong). The disaggregated COT report is another one that is commonly known by traders. It provides a deeper breakdown of the market participants, splitting commercial traders into producers, merchants, processors, users, andswapdealers.

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Open interest is the https://forexhero.info/ of all futures and/or option contracts entered into and not yet offset by a transaction, by delivery, by exercise, etc. Due to legal restraints , the CFTC does not publish information on how individual traders are classified in the COT reports. A set of supplied functions are also available for use in your own EasyLanguage statements that can be used to return the COT data value and error status in one call. These functions require that you declare a variable in your EasyLanguage code and understand the use of output parameters.

COT Data – EasyLanguage Field Names

This chart graphs the percentage short position of asset managers against the Spider ETF from 2006 to present. Major bottoms almost always occur when short selling reaches 40 to 45% of total positions. The last two dotted arrowed lines on the right point to the most recent short selling peaks. Gain insights into the secrets of Smart Money with our in-depth analysis of the CoT report in 45 futures markets. “The ongoing issue is impacting some clearing members’ ability to provide the CFTC with timely and accurate data.

If a trader’s open interest is greater than 200 contracts, he or she must declare status as a commercial or noncommercial. Floyd Upperman is recognized as the foremost analyst of Commitment of Traders data. Trained in the use of data analysis in problem solving, he uncovered the unique value of COT data as a powerful market indicator.

One last piece of open-interest information is positions held by “other reportables.” This category is left ambiguous, as it does not fall into commercials, managed money, or swaps dealers. As more traders accept a futures contract as a benchmark for the industry, open interest begins to grow. Open interest is the number of outstanding futures and options on futures transactions that have not been settled or closed. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors.

Commitment of Traders for R

The information herein is not a recommendation to https://traderoom.info/ nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. As a result, a classic bullish set-up for a given market would be when large traders are net long and small traders are net short.

CFTC Announces Postponement of Commitments of Traders Report … – Commodity Futures Trading Commission

CFTC Announces Postponement of Commitments of Traders Report ….

Posted: Thu, 16 Feb 2023 08:00:00 GMT [source]

If the open interest is skewed (meaning the long position held by “managed money” is much greater than the short position), there is a chance of a rush to the door to exit quickly. The market might be poised for a short squeeze if the “managed money” short position is much larger than the long position. Access Weekly Commitments of Traders Reports, as well as trade analysis and recommendations for various markets, daily fundamental and technical market overviews, future price outlooks, and more through our Insider Market Advisory. There are the Non-Reportables, probably people like you…people who are trading in smaller amounts; the average trader.

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Login or register under ‘account’ to gain access to all reports and data published on our website. Our contracts allow all those along the metal supply chain, as well as investment communities, to hedge against or take on price risk. Whether you are an industrial hedger, physical market trader or prop desk there are, broadly speaking, two ways of accessing our markets. To help you analyze important trends and movements using the Commitment of Traders reports, Tradingster.com provides up-to-date COT reports (including COT reports’ historical data) and free COT charts. Open interest is the total of all futures and/or option contracts entered into and not yet offset by a transaction.

speculative traders

I wrote the first book ever on the COT Report, “Trading with the Insiders”, Wiley. I have taught more people how to use the data from this report than anyone else. Unless otherwise stated, the copyright and any other rights in the contents of the material available on the LME website, including any images and text, shall remain the property of the LME. No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination.

By posting material on IBKR Campus, IBKR is not representing that any particular financial instrument or trading strategy is appropriate for you. 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. Look at the little Green guys, they are the Small Speculators, guys like you and me, who are also going short, or selling, that’s why their bars are all facing down too. I first learned about the importance of the Commitments of Traders Reports from Bill Meehan.

Bill had been a member of the Chicago Board of Trade, and in 1969 revealed the basic secrets of these reports to me. Along the way, I invented some ways to make it easier to see the impact of these guys by making mechanical indicators with the data. I’ve been using them for over 40 years now and think you’ll find them to be invaluable tools. The COT report has become a major forecasting tool for traders and advisors around the world.

He skillfully explains how to break down the COT data into producers, consumers, and funds so you understand the positions and activities of these key market participants. A weekly report from the CFTC providing a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. Open interest is broken down by aggregate commercial, non-commercial, and non-reportable holdings. The Commitments of Traders reports can sometimes give traders a good idea of future significant moves in the market.

References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. Open interest held or controlled by a trader is referred to as that trader’s position. For the COT Futures-and-Options-Combined report, option open interest and traders’ option positions are computed on a futures-equivalent basis using delta factors supplied by the exchanges. Long-call and short-put open interest are converted to long futures-equivalent open interest. Likewise, short-call and long-put open interest are converted to short futures-equivalent open interest.

The CoT Index: The Ultimate Smart Money Indicator In Futures Markets

The https://forexdelta.net/ posted does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before making any investment or trade, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. As a reader of TWIG, I hope you have come to understand my major objective to inspire ideas so you can hedge or trade these grains markets on your terms. Lately, I have been asked by producers why it would make sense to re-own. Today, I am going to step out of my bear costume and put on my bulls jersey.

There are a number of built-in indicators along with EasyLanguage reserved words and functions that provide tools for accessing COT data. COT data is accessed using the same functions and reserved words that access historical fundamental data. Definitely the most exclusive feature within the CoT section of our member’s area is the Commitment of Traders Dashboard. This cutting-edge tool gives you a unique and unparalleled insight into the trading behavior of Large Speculators and Commercial Hedgers. With the CoT Index value and our proprietary trend/momentum score, you’ll be able to easily track the strength and direction of each relevant futures market over the past 2 months. The score ranges from 0% to 100% , providing you with a clear picture of market movements.

hold positions equal

Just select the date you are interested in and you will be taken through to a page where you can select from a range of reports. You can view the reports online of download the data as a CSV or xls file. No need to spend hours in screening countless indicators – you’ll save valuable time and money. Track the positioning of Smart Money, measure extreme positions of Smart Money and identify establishing trends or major shifts in a timely manner. A cyber incident is impacting trading and clearing of exchange-traded derivatives by ION customers. Fastmarkets has corrected its cobalt hydroxide index 30% Co min, cif China, which was published incorrectly on Friday February 24 due to an error.

Another piece of valuable information is that managed money, generally viewed as hedge funds or commodity trading advisors, are long cobalt futures. Hedge funds typically take directional views, meaning they might speculate that cobalt futures will rise. While prices are critical, their history only provides a piece of the puzzle in determining the next market move. Sentiment helps augment your view by allowing you to take a market pulse. One of the best ways to gauge futures market sentiment is to understand the information described in the Commitment of Traders report.

Derivatives traders “hope, not expect” a swift resolution to COT delays – AgriCensus

Derivatives traders “hope, not expect” a swift resolution to COT delays.

Posted: Tue, 14 Feb 2023 18:21:54 GMT [source]

CFD and Forex Trading are leveraged products and your capital is at risk. Please ensure you fully understand the risks involved by reading our full risk warning. The reports are read as tables, which each row and column labeled appropriately . The information in the report indicates how much interest there is, both long and short, in various derivatives contracts, and which type of market actor is involved.

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