COT SITE repost

Comittment Of Traders
By Definition there are 3 classes of traders. Here's a free site shown COT for 10 yr notesCommercials - Producers and end users of the commodity or futures market they participate in are referred to as commercials. This group is the reason the commodity and futures markets exist, to allow "commercials" an opportunity to defer or hedge the risk of doing business. (This smart money group will often get aggressively net long or short prior to major trends) Large Speculators - Defined as those traders who hold a specified number of contracts or greater in a given market, but are not commercial traders. The CFTC sets the minimum number of contracts that can be held before the speculator is required to report that position. Any speculator participating in a market that is required to report to the CFTC is known as a non-commercial or large trader. (This group follows trends and usually mimics the markets price movement)Small Speculators - Any market participant who is neither a commercial nor non-commercial is a small speculator. This group is not required to report to the CFTC but can determined by the contracts left over after the commercials and non-commercials have been accounted for. . (This over-leveraged group is usually wrong at major turning points) **POINT taken? follow the SMART money....