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Gab
May 6, 2018 11:54 AM
GOLD - COT INDEX
Long
COMEX:GC1!
1W
Gold Futures
COMEX
Description
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May 6, 2018 11:54 AM
Looking at the last COT report for gold, it's always important to look at the Net Position of the Commercials (Bullion Banks).
Using the Net Position of the commercials we can use one common indicator that I want to show you how to construct is called the COT index.
The calculation is below
COT index = 100 x (current Net – Minimum Net) / (maximum Net – Minimum Net)
You can see it looks like the Stochastic . Here i am using a period of 104 weeks.
As you can see in the chart below the Commercial activity is often in the OPPOSITE direction of the markets trends.
Last week the Commercials. were net short 131872. The last similar value was last December 2017 with a value of 128217.
We can assume “at least” a sizeable rally such as that from Dec 12 to Jan 25: 1240-1365!
Trend Analysis
Beyond Technical Analysis
Comments
pbagby
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Jul 19, 2018 3:45 AM
I am trying to match your Index with Excel and the only way I can get mine to match closely is by using a 26 week period. Can you confirm if yours is using a 104 week period? I cannot figure what I am doing wrong.
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