Positioning
Oct 15, 2026 4 min read
COT Index Explained: Positioning Extremes and Historical Context
The COT index turns a raw net position into a 0–100 score against its own history, which is what makes an 'extreme' comparable across markets and years. This guide explains how the index is built, why the lookback window changes the answer, what readings above 90 and below 10 have historically preceded, and how to use an extreme as context for a trade rather than as a trigger.
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