Commitments of Traders report. Can it help crude trading?

Discussion in 'Commodity Futures' started by Overnight, Mar 31, 2017.

  1. %%
    Good question, no on ''prediction'' Yes, on study. It's not really prediction, but since they[ Modern Trader, APRIL magazine] mentioned record number of shorts, does that mean anything to me ??NOT really, but since they also noted short sellers watch $55 carefully.OK.Long + medium term trend is up; they alsoso to speak, hedged their short sell comment with a longer term chart going to $110 . NOT a prediction, probable directions.......
     
    #11     Apr 3, 2017
    Overnight likes this.
  2. Overnight

    Overnight

    Yes...Probable directions is what I am after, not really a "prediction".
     
    #12     Apr 3, 2017
    murray t turtle likes this.
  3. On
    All due respect, i think u are a cool pet, but this is delusional. Seeing reality for what it is is crucial for success--- Playing mental and word games is ok for journalists, but not in the real market-- Everytime u enter or even have a bias, u are by default making a prediction.

    surf
     
    #13     Apr 3, 2017
  4. OK, since its not a prediction, the 52 week low was$41+/, heading to$ 58+/. SOME one asked once, you mean $59?? I said maybe , but i meant 58 plus or minus.I saw a TX TEA producer raising his hedges/puts, but that just mean$ TX TEA is trending UP. LOL.
     
    #14     Apr 3, 2017
  5. Overnight

    Overnight

    Well, shit Mr. Surf, why don't you go ahead and keep "predicting" the YM short for us? If seeing reality for what it is is crucial to success, then why is your trading record not up to snuff? Not in the real market? Are you trying to insult me just because you have access to Mar-A-Largo or whatever Trump's place is called?

    Sheesh, give it a rest about advising we, the little people. I was asking about how the COT report might help us in guiding us to future crude movement. Not pure TA on a daily basis with a "prediction on price at a set level" (I worded my original post bad, sorry!), but something that might grant an edge in trading crude in a general direction. WTF is wrong with you?
     
    Last edited: Apr 3, 2017
    #15     Apr 3, 2017
    murray t turtle likes this.
  6. No insult meant. Pay no attention to me, your mind is already frozen on other ideas.
     
    #16     Apr 3, 2017