The Committment of Traders Report is published every friday, and it can be used to pinpoint major market turns. The following chart shows the oil market, where skilled interpretation of the report identified the points where a trader/investor could have prevented the loss of accumulated profits or shorted the market to make solid gains. Stephen Briese explains the nature of the report and how it can be used – M/T Ed

Stephen Briese: In this first video I show you: 

 – Why the COT report is a vital tool every trader should use. (the first 2 minutes explain & is at least worth listening to. Note: The last 4 minutes Briese trys to sell you his service through a special offer – M/T Ed.)
 – A few rules of thumb I use to interpret COT data… that you can use also. 
  
Video #1 runs 20 minutes and you can watch it here 
http://www.smartmoneyinvestor.com/15-06-br-video-01/ 
  
Thank you for taking the time, and I hope you get a lot of value out of video #1. 
  
Best regards, 
  
Steve Briese 
Founder and Editor, Bullish Review