Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
For the terminology see: Explanatory Notes - CFTC
esp. section "Old and other futures" (e.g. for "last") and "Supplemental Report" (e.g. for "swap")
The release schedule is as follows: Release Schedule - CFTC
(That's why I hinted at the lag more than once. Making short-term trades based on CoT is relatively pointless.)
Can you help answer these questions from other members on NexusFi?
I read those before but have found no explenation there. I've searched the Notes for terms Swap and Last Day with no results and in the Schedule is current release date 4th Sempt, but the CoT report is from 1st. And still I am wondering about the "Crude Oil"...
ad "swap": literally from the "Supplemental Report" section
"The commercial category includes positions for entities whose trading predominantly reflects hedging of over-the-counter transactions involving commodity indices—for example, a swap dealer holding long futures positions to hedge a short commodity index exposure opposite institutional traders, such as pension funds."
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523
Two things I will add
1) CFTC is a US agency and as such the CoT report only includes US exchanges. ICE do self report a similar style report to CoT but you have no idea whether the positions they report are additive or offsetting to US reported positions.
2) Looking at just futures ignores a very large piece of the pie. There are all sorts of other instruments that will mirror futures risk that do not necessarily get reported. Also how do they treat spreads that clear AS SPREADS. Do they separate these into their respective individual commodities?
All in all I believe CoT may give you a good picture what Banks/Professionals/CTA's/Hedge Funds etc are all doing but I do not think it gives an accurate picture of what major 'industry' players are doing as it excludes so much of their risk.
