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?

    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?