I am interested in adding the COT reports to my trading. This report is released once per week and I am unsure if it is useful for trading the 4hr chart. The Report appears to help understand the market sentiment over a longer period (weeks/months) because you are looking at data of each week and need a good few months to see the changing sentiment.
Is this going to be useful for trading the 4 hour chart in the direction of the daily trend?