I thought maybe we can use this thread to help each other understand the COT report.
From what i've learned so far, it pays to keep an eye on open interest, and the differences between the commercial (smart money) and the public (non-commercial) positions.
Extreme differences in the two are bullish for the commercial postions, from what i've learned.
Open interest changes are most useful when the contract is trading in a range.
Heres a link to the reports:
FWIW here are a couple contracts with big differences between the non-commercial and the commercial positions, to have a look for and watch:
Wayne if your listening, do you use the COT report? Do you graph it weekly?