FO Net Commercial Positions

FO Net Commercial Positions – Users & Producers (Invite-Only)

The FO Net Commercial Positions – Users & Producers indicator provides direct insight into the positioning of commercial participants derived from Commitments of Traders (COT) data.

Commercial traders — often producers, hedgers, and large industry participants — operate with fundamentally driven objectives. Monitoring their net exposure offers a structural view of how underlying market stakeholders are positioned.

This tool delivers a clean visualization of commercial positioning bias, helping traders identify potential macro inflection points and sentiment extremes.

What This Indicator Highlights

• Net hedger positioning
• Structural accumulation and distribution phases
• Commercial positioning extremes
• Long-term supply/demand bias
• Early signs of macro turning points

Commercial traders are typically considered the “smart money” in many commodity markets due to their deep involvement in the underlying asset. When their positioning becomes extreme, it can signal asymmetric opportunity.

Why It Matters

Unlike speculative participants, commercial traders are often hedging real exposure. Their positioning reflects:

Production expectations

Inventory management

Supply-demand imbalances

Long-term price sensitivity

Tracking net commercial exposure allows traders to:

Identify potential market bottoms or tops

Detect sentiment exhaustion

Align with structural positioning bias

Evaluate risk when speculative positioning becomes crowded

Best Suited For

• Futures traders
• Commodity market participants
• Macro swing traders
• Long-term position traders
• Traders incorporating COT analysis

Most effective on Weekly timeframes where positioning shifts carry structural significance.

Important Notes

• Based on official COT data
• Designed for instruments with COT coverage
• Does not repaint historical data
• Not a standalone signal system — intended as a positioning intelligence layer