Board Type: Semi-PrivateAdmins: Soda

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

NYMEX Non-Commercial/Manager Index

CFTC COT Index is a percentile of net speculative positioning in light sweet crude oil (NYMEX) measured over the last 3 years. 

This indicator converts net positions (commitments) to a 0% -100% scale. It reflects where the current net position ranks as a percentage of its range over the last three years. A reading close to 0 suggests that a bottom is forming and a reading close to 100 suggests that a top is forming. Use this indicator to watch for extremes reading in the oil market. Readings of 95 and higher as well as 5 and lower indicate a potential market extreme. This is when the probability of a reversal is higher and a trader may start consider taking a contrarian position.