Commitments of Traders report. Can it help crude trading?

Overnight said:
Specifically, can it help in predicting the potential medium-term move of crude prices? Say a month or two out?

Look to the middle of the report for NYMEX light-sweet. Can the reported open interest in longs and shorts between the producers/swaps/managed and non-reportables, and as compared to change from the previous week, give us any insights? I haven't done any studies on this. Has anyone out there done so?

http://www.cftc.gov/dea/options/petroleum_sof.htm
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Good question, no on ''prediction'' Yes, on study. It's not really prediction, but since they[ Modern Trader, APRIL magazine] mentioned record number of shorts, does that mean anything to me ??NOT really, but since they also noted short sellers watch $55 carefully.OK.Long + medium term trend is up; they alsoso to speak, hedged their short sell comment with a longer term chart going to $110 . NOT a prediction, probable directions.......
 
Overnight said:
Yes...Probable directions is what I am after, not really a "prediction".
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On
All due respect, i think u are a cool pet, but this is delusional. Seeing reality for what it is is crucial for success--- Playing mental and word games is ok for journalists, but not in the real market-- Everytime u enter or even have a bias, u are by default making a prediction.

surf
 
Overnight said:
Yes...Probable directions is what I am after, not really a "prediction".
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OK, since its not a prediction, the 52 week low was$41+/, heading to$ 58+/. SOME one asked once, you mean $59?? I said maybe , but i meant 58 plus or minus.I saw a TX TEA producer raising his hedges/puts, but that just mean$ TX TEA is trending UP. LOL.
 
marketsurfer said:
On
All due respect, i think u are a cool pet, but this is delusional. Seeing reality for what it is is crucial for success--- Playing mental and word games is ok for journalists, but not in the real market-- Everytime u enter or even have a bias, u are by default making a prediction.

surf
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Well, shit Mr. Surf, why don't you go ahead and keep "predicting" the YM short for us? If seeing reality for what it is is crucial to success, then why is your trading record not up to snuff? Not in the real market? Are you trying to insult me just because you have access to Mar-A-Largo or whatever Trump's place is called?

Sheesh, give it a rest about advising we, the little people. I was asking about how the COT report might help us in guiding us to future crude movement. Not pure TA on a daily basis with a "prediction on price at a set level" (I worded my original post bad, sorry!), but something that might grant an edge in trading crude in a general direction. WTF is wrong with you?
 
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Overnight said:
Well, shit Mr. Surf, why don't you go ahead and keep "predicting" the YM short for us? If seeing reality for what it is is crucial to success, then why is your trading record not up to snuff? Not in the real market? Are you trying to insult me just because you have access to Mar-A-Largo or whatever Trump's place is called?

Sheesh, give it a rest about advising we, the little people. I was asking about how the COT report might help us in guiding us to future crude movement. Not pure TA on a daily basis with a "prediction on price at a set level" (I worded my original post bad, sorry!), but something that might grant an edge in trading crude in a general direction. WTF is wrong with you?
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No insult meant. Pay no attention to me, your mind is already frozen on other ideas.
 
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