Friday's Legacy Commitments of Traders Report released by the Commodity Futures Trading Commission on January 13th, 2011 is flashing a warning sign the trend may be running on fumes. This COT report was as of the cutoff date on Tuesday January 10th, 2012.
The Legacy COT report is broken down into two categories: The Reportables and the Non-Reportables for the current “Open Interest”. Each digit of open interest is a single contract between a buyer (long) and a seller (short).
In the reportable category, there are two types of traders, the Commercial trader and the Non-Commercial trader.