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I'm currently reading "Trade Stocks and Commodities with the Insiders" by Larry Williams. IS it possible to use the COT report for a weekly bias, in your experience?
Can you help answer these questions from other members on NexusFi?
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Mostly spreads and butterflys (futures not options).
I believe the consensus answer to that is yes although the consensus is also that you need to be very careful on your data dates to avoid look ahead bias/data leakage.
I personally have never analyzed the COT data in detail. In the energy space there have always been too many ways for the truly big players to mask their positions ~ although has been reduced significantly in recent years. Also there was an incident about a decade ago, where the CFTC changed the classification of one company from hedger to speculator and that one change increased speculator positions by 25%!