CoT for Ag Futures

Discussion in 'Commodity Futures' started by TradeSparrow, Oct 11, 2011.

  1. I've heard that the information on the CoT can be useful. Before I spend time learning about it, I'm wondering:
    • How many of you use the CoT on a regular basis?
    • Do you guys find the CoT a useful tool with regards to forecasting the behavior of the Agricultural Markets?
    • If not, which markets do you find the CoT useful?
    • Does the CoT provide much more than an Open Interest graph?
    Regards~

    P.S. I've read that CoT describes the composition of the Open Interest in more detail. For example, if Open Interest is 100, then the CoT might show you that 90% are long positions. From my understanding, this would indicate a top is near.

    Is that the gist of CoT, or is there more?