Hello, I am trying the Hightower report, which seems a good resource to me. I am looking their COT Report and I wonder what in detail means the data called "52week rank". Pls have a look below. What is the right interpretation? 1) This week net position (-269k contracts) is the most negative net position during the last 52 weeks 2) This week change in net position (-36k contracts) is the most negative change in net position during the last 52 weeks 3) Any other interpretation Other doubt: if the rank was 52, it means "most positive"? Thanks
Happy New year! I asked my colleague Mark O'Brien to chime in: The 52-week ranking of 1 for CBOT Grains means the net position of -269,232 contracts is the shortest net position for CBOT grains in the last 52 weeks. A ranking of 1 represents the shortest short position. A ranking of 52 represents the longest long position. For a CBOT Grains breakdown, below are the Commitments of Traders figures from The Hightower Report’s “Weekly Market Letter,” from Friday, Jan. 5. It looks like the Soymeal and Wheat 52-week ranking are inverted. If Soymeal’s positive net position is correct, its 52-week ranking could be 46 and if Wheat’s negative net position is correct, its 52-week ranking could be 1.
Thank you, Ilian. So for my understanding is somewhat comparable to the COT index: this is a rank but the information is the same of the index. If this is right, thus rank 1 is correct since is the lowest (even if positive) net position of the last 52 weeks