COT Report Simplified Guide

The 12-page guide includes:

• Commercial, non-commercial, and nonreportable traders explained in plain English
• The core Net Position = Long − Short calculation
• How to interpret net-long, net-short, and weekly positioning changes
• Annotated Gold and E-mini S&P 500 report excerpts using official CFTC data from July 28, 2026
• Complete worked calculations for both markets
• Guidance for combining COT positioning with price trends and implied volatility
• A five-step weekly analysis process
• Common COT interpretation mistakes
• A printable quick-reference page and weekly checklist
• Clickable official CFTC sources and an educational disclaimer