Coffee Memo | Rob Talks COT Report for Coffee Ep. 10
Description
"All that this report does is tell them, are they long or are they short? If they're long, they are hoping or betting that the prices will go up. And if they're short, they're hoping or betting that the price will go down. And so what we do then is look at these different types of participants in the market and the report tells us if they are long or if they're short. And it tells us if that position has changed from the prior report. Because if a change, a significant change, like either less long or less short or going from net long to net short, it would be an indication of a change in sentiment. So this segment of the market now believes that prices will go up or this segment of the market now believes that prices will go down. Does that mean they will go up or down? No. It does not. But it's important for you to know and helpful for you to know if the people who basically make their living looking at the market and have skin in the game."
Commodity Futures Trading Commission
COT Chart for Coffee from Barchart.com
Part of The Covoya Coffee Podcasting Network
United States
