COT Index Explained: What a Reading of 0 or 100 Really Means
A COT Index puts a position within a historical range. The calculation is simple; interpreting an extreme requires more care.
A COT Index puts a position within a historical range. The calculation is simple; interpreting an extreme requires more care.
An oil COT report is a report for a named contract, not the whole oil market. Check WTI Physical versus WTI Financial before comparing the numbers.
Silver positioning needs its own scale and history. See why an unchanged net position can still represent a smaller share of the market.
Currency futures can add context to forex research, but the quote direction matters. Long yen futures is not the same exposure as long USD/JPY.
Gold’s net position is a starting point, not a conclusion. Compare the right report, separate changes in longs and shorts, and keep the dates aligned.
Trader categories describe market roles, not who is right. Learn where the Legacy, Disaggregated and financial futures groupings differ.
A rising net position can come from more longs, fewer shorts, or both. Work through the columns before drawing a conclusion.
The COT report shows how different groups are positioned in futures markets. Here is what it can tell you—and what it cannot.