Commitment of Traders report

MacroVar analyzes the COT report using statistics to monitor whether certain financial markets are at extreme levels showing overcrowded behavior and increased chance of reversal. Learn how MacroVar statistical analysis analyzes the commitment of traders report.

Commitment of Traders report

Large Speculators Commercials
Factor Symbol Long/Short Signal Percentile Change Long/Short Signal Percentile Change Last Update
Platinum Futures COT COT.PLATINUM l+ 82.31 30367 S- 29.62 -34223 2024-01-02
Gold Futures COT COT.GOLD l+ 77.31 218090 S- 22.69 -246158 2024-01-02
Silver Futures COT COT.SILVER l+ 62.69 30108 S+ 23.85 -48837 2024-01-02
Palladium Futures COT COT.PALLADIUM S- 13.85 -8173 l+ 84.23 8261 2024-01-02
Copper Futures COT COT.COPPER l+ 60.38 8693 S- 41.15 -11765 2024-01-02
Crude Oil Futures COT COT.CRUDEOIL l- 4.62 192837 S+ 96.15 -217320 2024-01-02
RBOB Gasoline Futures COT COT.RBOB l+ 91.15 76197 S- 8.46 -83407 2024-01-02
Heating Oil Futures COT COT.HEATINGOIL l- 42.69 1025 S+ 49.62 -1211 2024-01-02
Natural Gas Futures COT COT.NATURALGAS S+ 68.46 -92386 l- 37.69 77937 2024-01-02
Lumber Futures COT COT.LUMBER S+ 11.54 -393 l- 90 377 2023-04-18
Cotton Futures COT COT.COTTON l+ 28.46 8809 S- 72.31 -8496 2024-01-02
Cocoa Futures COT COT.COCOA l+ 65.77 60796 S+ 40.38 -60889 2024-01-02
Coffee Futures COT COT.COFFEE l+ 87.69 46113 S+ 18.08 -47381 2024-01-02
Sugar Futures COT COT.SUGAR l- 25.77 43140 S+ 74.23 -61949 2024-01-02
Orange Juice Futures COT COT.OJ l- 43.85 929 S+ 65 -683 2024-01-02
Corn Futures COT COT.CORN S- 5.77 -163867 l+ 99.62 198396 2024-01-02
Wheat Futures COT COT.WHEAT S- 7.69 -24427 l+ 94.62 25218 2024-01-02
Soybeans Futures COT COT.SOYBEANS S- 12.69 -17237 l+ 86.54 31845 2024-01-02
Fed Funds 30 Days Futures COT COT.FEDFUNDS S- 22.69 -131327 l+ 76.92 141898 2024-01-02
Eurodollar 3 Month Futures COT COT.EURODOLLAR l- 98.46 47762 S+ 9.23 -31134 2023-06-13
US 2-Year T-notes  Futures COT COT.US2Y S+ 4.62 -1241570 l+ 96.15 1127580 2024-01-02
US 5-Year T-notes Futures COT COT.US5Y S+ 3.85 -1299630 l+ 93.08 1157320 2024-01-02
US 10-Year T-notes Futures COT COT.US10Y S- 3.46 -765217 l+ 96.15 716930 2024-01-02
US Ultra 10-Year T-notes Futures COT COT.USU10Y S+ 8.46 -249629 l- 78.46 312000 2024-01-02
US 30-Year T-notes Futures COT COT.US30Y S+ 34.62 -134241 l- 51.15 83380 2024-01-02
US Ultra 30-Year T-notes Futures COT COT.USU30Y S- 98.46 -303542 l+ 6.15 293130 2024-01-02
DXY US Dollar Futures COT COT.DXY l- 21.15 2416 S+ 85 -1613 2024-01-02
EUR Euro Futures COT COT.EURO l- 65.38 120030 S- 36.92 -158584 2024-01-02
GBP Pound Sterling Futures COT COT.GBP l- 78.08 10257 S+ 26.15 -12127 2024-01-02
CHF Swiss Franc Futures COT COT.CHF S- 58.08 -5456 l- 30 4498 2024-01-02
JPY Japanese Yen Futures COT COT.JPY S- 42.31 -61891 l+ 46.92 59203 2024-01-02
CAD Canadian Dollar Futures COT COT.CAD S+ 45 -21152 l- 53.46 7091 2024-01-02
AUD Australian Dollar Futures COT COT.AUD S+ 54.23 -41244 l- 24.23 28787 2024-01-02
NZD New Zealand Dollar Futures COT COT.NZD S+ 59.23 -546 Flip S 29.23 -2439 2024-01-02
MXN Mexican Peso Futures COT COT.MXN l+ 73.08 88995 S- 26.92 -92223 2024-01-02
RUB Russian Rubble Futures COT COT.RUB l- 59.23 7543 S+ 46.92 -7150 2022-03-15
BRL Brazilian Real Futures COT COT.BRL l- 78.08 34307 S+ 21.15 -36682 2024-01-02
S&P 500 Index Futures COT COT.SP500 S- 8.08 -202903 l- 71.15 126620 2024-01-02
DJIA COT COT.DJIA l+ 80.38 19544 S- 18.08 -20585 2024-01-02
Nasdaq Index Futures COT COT.NASDAQ l+ 93.46 40792 S- 1.92 -49270 2024-01-02
Russell 2000 Futures COT COT.RUSSELL2000 S+ 77.31 -782 Flip S 19.62 -10017 2024-01-02
VIX Futures COT COT.VIX S+ 85.38 -44992 l- 16.92 50256 2024-01-02

What is the Commitment of traders report


If you are interested in trading futures, you may want to learn how to read the Commitment of Traders (COT) report. This is a weekly publication that shows the aggregate holdings of different participants in the U.S. futures market, such as producers, swap dealers, managed money and other traders. The report is compiled and published by the U.S. Commodity Futures Trading Commission (CFTC) every Friday, based on the data from Tuesday's open interest.

The COT report can help you understand the dynamics of the market and identify potential trends and reversals. By analyzing the positions of different types of traders, you can get a sense of how bullish or bearish they are on a certain commodity or financial instrument. For example, if you see that the managed money category (which includes hedge funds and other speculators) is heavily long on gold futures, while the producer category (which includes miners and other hedgers) is heavily short, this may indicate that there is a strong demand for gold and a possible uptrend.

However, the COT report is not a simple indicator that tells you when to buy or sell. It is a complex and nuanced tool that requires careful interpretation and context. You need to consider factors such as the size of the positions, the changes over time, the historical extremes, the market conditions and the price action. You also need to be aware of the limitations and drawbacks of the report, such as the lag between the data collection and publication, the aggregation of positions across different contracts and exchanges, and the possibility of misclassification or manipulation by some traders.

How to Use Commitment of Traders report

MacroVar calculates and monitors the following indicators for each financial market covered in the commitment of traders report:

  • % Total Open Interest: the Z-score of the last 5-years of open interest is calculated. Extreme caution should be given when the Z-score values reach values lower than -2 and higher +2 indicating an overcrowded market which has high chance of reversal.
  • MacroVar marks every market with the following signals for each conditions: L+ (when long positions in futures increase), L- (when long positions in futures decrease), S+ (when short positions in futures increase), S- (when short positions in futures decrease), Flip L (when overall market position flips from short to long), Flip S (when overall market position flips from long to short).