Posted on February 11, 2008Filed Under Investing |

Just to confuse everyone I will now be posting all my currency thoughts and opinions on www.currency-trading-forex.com as I would like to keep this blog for more general material related to the markets.? Also with the launch of my new site dedicated to the COT Report,? I want to use this blog to explain the data which is released each week by the CFTC.
For those of you who are unaware COT stands for the Commitment of Traders Report which is published weekly at 3.30 pm EST every Friday afternoon, by the US Commodity Futures Trading Commission. The CFTC is the regulatory body in the US that manages and regulates the futures market. The report provides a breakdown of each Tuesday’s open interest for futures markets in which 20 or more traders hold positions equal to, or above, the reporting levels established by the CFTC.
Needless to say it is neither a “magic bullet” nor is it the “holy grail” for trading success - rather it is can be a very useful, highly specialised tool in your trading tool box.? When used in conjunction with technical chart reading, support and resistance it can does provide an insight into what is happening in the market.? It is also a classic example of how one market can help you understand what is occurring in another.
In my opinion the COT can be used in two different ways:

标签： commodity trading