Commercial COT Index
(current Commercial Net Position – the minimum of Commercial Net Position in previous period of time) / (the maximum of Commercial Net Position in previous period of time - the minimum of Commercial Net Position in previous period of time)
Commercial Net Position:
For traders to use futures to hedge their business activities, subtracting the number of their short contracts from the number of their long contracts;
Open Interest
The total number of futures contracts that traders held in active positions at this moment, which mean that traders have entered in these contracts but not yet offset them by entering another position, delivering them, or exercising them.