wayusa

Commercials Net Position

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TonyCampbell
2 months ago
Please explain looking for entries when Commercial Net Position reaches 36.......what / where is this number? 36 or 36,000 ?
Thanks.
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wayusa PRO TonyCampbell
2 months ago
Tony, thanks for asking, apparently I didn't make it clear enough.

What we are looking at here is current commercials net position approaching its 36-month (156-week) high or low. It is a parameter and can be changed manually and backtested.
Essentially, we are looking for net position extreme points within some considerable period of time.

Still, using this indicator we have to keep in mind that commercials are hedgers, they are selling product they own. It means, occasionally we can see Com. Net Position making successive lower lows with price making higher highs at the same time. Good example is year-to-date silver rally. My point is that this indicator is not a precise one, it only can give us a hint on what business anticipates in a long-term. So we have to be patient and look into price action on a smaller timeframes to determine entry points basically.

I suggest the following reading for further study of Commitment of Traders report -
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report by Larry Williams https://www.amazon.com/Trade-Stocks-Commodities-Insiders-Secrets/dp/0471741256
+1 Reply
TonyCampbell wayusa
2 months ago
Ahhh....ok.....I thought you were suggesting an 18 month extreme OR a "36" value of some number on the scale......but, it's a 36 month or 18 month net position extreme....
Thanks for steering me in the right direction !
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TonyCampbell wayusa
2 months ago
Sent you PM....
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dqoopb
8 days ago
This is the best way to view the COT.
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