Commitment of Traders COT Report – Futures Heatmap

Commitment of Traders COT Report is published by the U.S. Commodity Futures Trader Commission (CFTC) every Tuesday. It shows the positions of the large speculators and the positions of the hedgers.

How to Use the Commitment of Traders (COT) Report for Trading

One way to use the COT report is to monitor for an extreme in either the long or short positions of the large speculators.

When the number of long positions outnumbered the short positions, it is a good indication of closing long positions or lightening the long positions.

When the number of short positions outnumbered the long positions, it is a good indication of closing short positions or lightening the short positions. It is also good to look for possible long entries using your futures trading system.

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We can use the formula (number of long positions/sum of long and short positions) to establish whether there are more long or more short positions.

Futures Commitment of Traders COT Report Heatmap

Below is the COT report heatmap, that is based on the above discussion:

For long/short positions that are 85% or more compared to the total number of positions, the futures contract are colored in RED

For long/short positions that are 70% or more compared to the total number of positions, the futures contract are colored in YELLOW

For the remaining long/short positions, the futures contract are colored in GREEN

Data For Commitment of Traders COT Heatmap

The Commitment of Traders COT report heatmap is consolidated from the COT report for 5 exchanges: Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange Incorporated, ICE Futures U.S. and New York Mercantile Exchange and is updated every Friday at 3:15PM EST (4.15am Saturday, in Singapore’s time).

Commitment of Traders in One Glance

In one glance, you can tell which markets are “over-heated”, and which markets are going to be “over-heating”, and which markets are comfortably trade-able.

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Perhaps it is good to know that large speculators generally take time to close or lighten their positions (i.e. around 1 week), and retail traders have the advantage of closing our positions within a second without anyone noticing. When the knowledgeable retail traders noticed an “over-heated” futures market, he can act faster.

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With the commitment of traders COT report futures heatmap as a time-saving tool, you can have more time to trade or design a new trading system for greater profits.

{ 6 comments… read them below or add one }

ROBIN AVERY December 18, 2011 at 8:45 pm

little problem figuring out the heat map.
I guess wti would be 65% long to shorts?

Reply

Admin December 21, 2011 at 7:28 am

You are right!

Reply

almudena March 3, 2012 at 10:47 am

Nice page. but dont understand the calculation compare to the description provided below it.
you said : The Commitment of Traders COT report heatmap is consolidated from the COT report for 5 exchanges: Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange Incorporated, ICE Futures U.S. and New York Mercantile Exchange.

Your short is 140 097 lots (CFTC Code #067651: 106760+33337) for the Crude oil light sweet.
And if i go to the CFTC site, and check the report it seems you forgot to add ICE number for the Crude oil Light sweet (Code-067411); am i wrong ?

Reply

Admin March 8, 2012 at 4:24 am

Glad that you like this page. The current version treats the swaps, financial and the related contract differently.

Reply

almudena March 3, 2012 at 10:50 am

If i may add a question: why don`t you add as well the Crude oil financial and swap ? (CFTC Code #06765I and calendar swap CFTC Code #06765A)

thank you

Reply

Admin March 8, 2012 at 4:19 am

Thank you for your comment. We would be doing that in the next version.

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