The Commitment of Traders (COT) report helps analyze trends in the fluctuating positions of different classes of traders in futures markets. As such, it is a valuable tool in gauging market sentiment and near-term market direction. A top-level analysis of COT oil futures data, based on those who trade for industrial purposes (i.e., commercial sellers and buyers of oil), suggests a near-term neutral-to-bearish outlook for oil prices, as commercial sellers are hedging more than commercial buyers.
- Regions: Global
- Authors: Radhika Kamath , Amitesh Kumar
- Products: Datastream
- Keywords: commodities, oil
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