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Fund Positioning in TTF Switches Back into a Net Long

NATGAS

GAS POSITIONING - Investment funds net positioning in TTF rose sharply last week back into a net long position in the week to March 22 according to the latest data via Bloomberg.

  • TTF front month is slightly softer today having bounced between about 26.1€/MWh and 29.75€/MWh since mid March. Upside geopolitical risks, LNG buying in Asia and upcoming Norwegian maintenance is weighed against muted demand amid a warm weather for April and high end of season storage levels.
    • Investment Firm net position fell by 15.0m to -109.1m
    • Investment Funds net position increased by 42.5m to +41.2m
    • Commercial Undertaking net position fell by 26.3m to 63.6m


Source: Bloomberg

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