The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on Tuesday September 8th.
Open interest is the total number of contracts open in the market at the time of data release. High open interest shows that a large number of trader opinions are being put into action while low open interest is evidence of less enthusiasm about that particular market.
The top 5 instruments with the highest open interest levels compared to their 3-year range this week were EUR, Soybeans, Sugar, Heating Oil and Long T-Bond. The instruments with the lowest levels of OI were Corn, Nikkei 225, FedFunds, Eurodollar and Palladium.
Here are the weekly charts of Open Interest Levels compared to their range of the past three years where 100 percent is the top of the 3-year range while 0 percent is the bottom.
The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (speculators & large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).
The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).
All information and opinions on this website are for general informational purposes only and do not constitute investment advice.
Article by CountingPips Research