5 replies to this topic

[jack]

Data I download from

http://www.cftc.gov/...historical.html

comm long 413,082
comm short 344,861

various folks showing net cot charts have different data.
where does that 760000 net long (commercial) spike come from?

I've been grumbling around a couple threads thinking the net view
is giving people a false impression but it seems either I have bad data
or everybody else does. hmmm

[jack]

OK my first mistake is the scale in clive maund cot chart is for open interest so the spike in net comm is not 760000 but just big (no scale given) maybe it is just dramatic looking but when you look at numbers not very significant.

[chichi2]

scale is on Lt not Rt it is 68,000 the delta between Longs and Shorts it therefore is a significant chg the Rt scale is the Open interest as reflected in the thin line graph which tends to oscillate, now it is very very low as Open Interest is only in 500,000s

[Cirrus]

The commercial data accross several futures products has been well out of historical norms the past 6 months or so. I think part of this is due to the global financial mess going on right now. The market environment seems to be quite different these days when compared to the 1990-2004 time frame.

[jack]

Another take on Cot

[jack]

Thanks chichi2 and cirrus for your corrections and comments. I am easily hynotized by cot data. Range of interpretation is large.