I'm having some trouble putting the information on COT to work. Now with the most recent COT data released on 27th Dec2016, I managed to generate the following numbers.
non commercial commercial
short 192,689 short 141332
long 123,281 long 220288
net short 61% net short 39%
net long 39% net long 61%
I'm learning to use this to spot any market extremes, not too sure if I'd got this right? and if so, I think we are not looking at any extremes at this time?
Any input is greatly appreciated everyone.
Many thanks in advance.