The definitive book on Positioning Analysis — a powerful and sophisticated framework to help traders, investors, and risk managers better understand commodity markets. Positioning Analysis is a robust tool for comprehending commodity price dynamics, risk, and sentiment by revealing what each category of trader is doing—what they are trading, how much they are trading, and how they might behave under various circumstances. It is essential in isolating specific types of flow patterns, defining behavioral responses, measuring shifts in sentiment, and developing tools for better risk management.

Advanced Positioning, Flow, and Sentiment Analysis in Commodity Markets, authored by Mark J. S. Keenan, offers a comprehensive guide to the fundamentals of Positioning Analysis and introduces new concepts in Commodity Positioning Analytics. This invaluable resource helps readers recognize how certain types of positioning patterns can be used to develop models, indicators, and analyses that enhance performance.

The updated second edition features substantial new material, including analytics based on the analysis of flow, the decomposition of trading flows, trading activity in the Chinese commodity markets, and the inclusion of Newsflow into Positioning Analysis. The book covers the structure of positioning data, performance attribution of speculators, sentiment analysis, and the identification of price risks and behavioral patterns that can be used to generate trading signals.

This must-have resource provides traders, investors, and risk managers with the knowledge and tools necessary to navigate the complexities of commodity markets more effectively. Whether you are a seasoned trader or new to the field, this book is an essential guide for understanding and utilizing Positioning Analysis in your trading strategy.