We talked about the COT report yesterday. And I want to say one more time – it is pretty important to us as forex traders to know what is in it. that is why I recommend, highly recommend you to look it up every Friday.
But here is the thing. It is not that easy to find. That is why I decided to go all this way instead of you so that you can follow my path.
№2.
You search for the FUTURES ONLY column and click on the SHORT FORMAT there. You want to look at the report from CHICAGO MERCANTILE EXCHANGE.
№3.
Wow! That doesn’t look like anything, right. Here. Let me break it down for you!
- Commercial: big businesses which use currency futures to hedge and protect themselves from exchange rate changes.
- Non-Commercial: mixture of regular traders, hedge funds and financial institutions. You could say that these are the traders who are on the markets for speculative gains.
- Long: number of long contracts reported to CFTC.
- Short: number of short contracts reported to CFTC.
- Open interest: number of contracts that haven’t been exercised and/or delivered.
- Number of traders: total number of traders who report positions to CFTC.
- Reportable positions: number of options and futures positions that are reported according to CFTC regulations.
- Non-reportable positions: number of open interest positions that do not meet the reportable requirements of CFTC-like retail traders.
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