Global COT Flow

Every weekend, MacroMicro automatically analyzes the Commitment of Traders (COT) report released by the U.S. Commodity Futures Trading Commission (CFTC). The COT report provides an overview of the long/short positions held by institutional traders across a broad range of futures market.

The institutional traders in CFTC are either Commercials or Large Speculators. Commercial hedge against market movements to offset risks, while speculators do not participate in production but trade to take profit along with market movements. We subtract Commercial positions from Large Speculators positions and create the COT Trend indicating the long/short view of market participants.

If an U.S. national holiday falls on Friday, the report release will postpone to Monday (Taiwan Time Tuesday morning). If the U.S. Federal government shuts down near the end of the year, it will not be released until the U.S. government resumes operation.

Trend compares the current COT positions are compared with that of the past five years. "1-week" shows such comparison with the previous week with a benchmark as 50.