The CME releases those numbers off the Commitment of Traders Report (CoT).
Used to be that report came out every two weeks, but they changed some things a few months back and I don't know how they are released, exactly, anymore. I just use the CSI data. Pinnacle pinnacledata.com smooths the report out for analysis purposes, perhaps CSI does as well. But I think there is a way to guesstimate changes with reasonable accuracy on a daily basis. In any event, the number you have from the CME and the number I have aren't so very far apart....The CME shows
JUN01 1164.00 1185.50 1157.80 1180.00 1180.50 +1870 80K 1161.80 95684 464007
464007, and I said 465165. Perhaps they are using the "Official" number which was reported 3/12. I do not know. By the way, as a result of yesterday I show the OI dropping to almost 463000. If you look at the link for your number from the CME and it has not changed, then perhaps they are not updating it until the next CoT Report. Due 3/26.
but is it a real figure?, what i'm illuding to here is that
the number may not be representing much of anything?!
Hedges, ofsets, synthetics, etc...but what remains after all
are offset!?
Depends on your POV. I do not care about the offsets, I just look at the overall figure. Most people who look at the figure probably are mostly concerned not with the number itself, but who represents what part of the number. In other words, are the little players like us Net Long, the Large Traders Net Long and the Commercials Net Short? Depending on your style of trading that knowledge may be of some value.
I do not look at that only because my style of trading is too short term. The CoT only comes out every two weeks and so it's old news for me. |
