COT Reports with Free COT Charts

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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. The spread number needs to be added to be both long and short sides, respectively. If you are doing these calculations on the Combined file, the sum of the long and or short positions may be +1 or -1 Open Interest, due to option delta calculations. In this case, I would consider using Excel to pull the data on a weekly basis from the web.

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The information on market-bulls.com is provided for general information purposes only. Market-bulls.com does not accept responsibility for any loss or damage arising from reliance on the site’s content. Users should seek independent advice and information before making financial decisions. The Commitment of Traders report from thefutures market can be of great help. Margin trading involves a high level of risk and is not suitable for everyone.

These are the main benefits the combination of COT analysis, COT report charts, and the appropriate tools could ever provide. It aggregates the holdings of participants in the U.S. futures markets (primarily based in Chicago and New York), where commodities, metals, and currencies are bought and sold. Traders follow the COT report to identify extreme levels of long or short positions in a currency, which may signal a trend reversal.

Using the CFTC Public Reporting Environment will allow you to access these historical reports and select only the dates and contracts you are interested in reviewing. There is not a list of historical release dates; the only available release dates are for the 13 months of reports that are published on the Commission’s website. In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. You may use it for free, but reuse of this code in publication is governed by House rules. This same report is updated on a weekly basis without any change to the url.

1. The aggregate of all long open interest is equal to the aggregate of all short open interest.
2. They usually follow moving averages andhold their positions until the trend changes.
3. The COT report can be employed to confirm or challenge existing analyses derived from technical indicators or fundamental data.
4. For example, a trader with a bearish bias on a currency pair based on economic data might reconsider their position if the COT report indicates significant net long positions held by non-commercials.
5. A correct cot analysis can make you a participant for a long-term trend which is already in progress or is just evolving with a market reversal.
6. Accordingly, for “Nonreportable Positions,” the number of traders involved and the commercial/non-commercial classification of each trader are unknown.
7. Other Reportables contain all traders which are not categorized by the other classifications.

With InsiderWeek, COT report trading can lead to better trading decisions. The Commitments of Traders (COT) is a report issued by the Commodity Futures Trading Commission (CFTC). Each Friday, the CFTC (US Commodity Futures Trading Commission) reports the COT (Commitment of Traders) report. In this article, we will discuss what COT reports are and how to read them correctly.

Our experts are dedicated to simplifying the complexities of COT data and providing clear explanations for you to accurately interpret the data and fully understand the COT reports. Remember, since spot forex is tradedover-the-counter (OTC), transactions do not pass through a centralizedexchange. COT reports can be obtained from the CFTC website and can be downloaded in several file formats. Remember, since spot forex is traded over-the-counter (OTC), transactions do not pass through a centralized exchange like the Chicago Mercantile Exchange. The CIT Report has data available back to January 3, 2006, and both the Disaggregated Reports and Trader in Financial Futures reports have data back to June 13, 2006. Because of resource constraints, we are currently only able to release this report once a week.

Due to legal restraints (CEA Section 8 data and confidential business practices), the CFTC does not publish information on how individual traders are classified in the COT reports. The readings of the COT report should be evaluated only within a historical context. That means that evaluation is only useful by comparing the current data with past data and their influence in the spot market. Changes in the readings of the COT report may indicate upcoming changes in the real trend. The presentation of historical graphs can be used effectively for the visualization of changes in the market sentiment. Most companies or financial institutions using the futures market as a hedging tool against the market risk of their operations.

They are commitment of traders report forex buying or selling only to speculate that they will exit their position at a profit, and plan to close their long or short position before the contract becomes due. In most of these markets the majority of the open interest in these “speculator” positions are held by traders whose positions are large enough to meet reporting requirements. The Commitment of Traders COT Reports provide insights into the positions of traders in different markets including Forex financial markets, Metals (Gold, Silver), Cryptocurrencies (Bitcoin), Stocks, Indices, and more. The Commitment of Traders COT Reports are based on data from the CFTC, including historical data, presented in an easy-to-read Excel Spreadsheet format.

These tend to be right most of the time, but there are some exceptions to that. With a disciplined approach to analyzing the COT report, traders can integrate this tool into their trading strategies, gaining an edge in the ever-evolving world of trading. By integrating COT data with technical analysis, traders can build a more holistic approach to market analysis. If hedgers keep adding more shortpositions while speculators keep adding more long positions, a market top couldoccur. Reversals (Type One) – When thespread between commercial hedgers and large investors is big, then we shouldexpect a market reversal. The analysis of COT data offers numerous advantages that are highly important for both beginners and professional COT traders.

For instance, when non-commercial traders are extremely long, it might suggest that a peak is near, as most traders who are bullish have already bought in. Similarly, an extreme short position can indicate a possible market bottom. Noncommercial traders are speculators, such as individual traders, hedge funds and large institutions, which operate on the futures market and meet the reporting requirements. While futures trading enthusiasts can avail themselves of exchange-based sentiment meters, Forex traders typically rely on sentiment indicators provided by prominent brokerage firms. Nevertheless, to obtain a more nuanced understanding of retail sentiment, traders often amalgamate data from multiple brokers, recognizing that each broker’s sentiment metrics reflect the behaviors of their specific client base.

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The COT Open Interest is the total position that entered the market in a specific time. At the same time, we can use the open interest to analyze the behavior of specific market participants, for example, which percentage of the open interest was entered by the commercials. The Supplemental COT Report is specialized on agriculture commodity assets.

Application Programming Interface (API) Access to COT Data

That’s nothing evil, just something to keep in mind on deeper COT analysis. The COT report includes all net long and short positions as concerns the US futures contracts. The positions of the non-commercial traders can indicate to some extent what is the real trend of a major asset class. If most traders are short then the COT report will respectively show a bearish market bias.

1. While it’s very useful to spot trends reversals, the COT report doesnot provide a holy grail to trading.
2. Traders can organize information by assets, such as gold, oil, or COT futures on currencies like EUR/USD.
3. The number “non-reportable” positions are derived from subtracting the number of large spec and commercial positions from the total open interest.
4. The Commitments of Traders (COT) report is a market report, which is published weekly by the CFTC (Commodity Futures Trading Commission).
5. These figures are not netted, but instead show overall volume (that is, interest).
6. The original version of the COT reports can be found on the CFTC website.

A correct cot analysis can make you a participant for a long-term trend which is already in progress or is just evolving with a market reversal. Forex traders use the COT report primarily to analyze the sentiment on major currency pairs, especially those with futures contracts on the Chicago Mercantile Exchange (CME). For instance, the report includes data for the euro, British pound, Japanese yen, and Canadian dollar, allowing forex traders to gain insights into the sentiment and positions of large institutions and speculators.