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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
GAS POSITIONING - Investment fund net long positioning in ICE TTF futures eased back slightly last week but is still near the most bullish since January 2022 according to the commitment of traders data for the week to May 31.
- The positioning comes amid concern for tighter LNG supplies with competition from Asia and an increase in LNG imports by Egypt this summer as Europe slowly builds gas stores ahead of next winter.
- TTF front month futures are ticking higher so far today after a pull back to levels seen mid last week with a clearer timeline for the return of Norwegian supply from unplanned outage which caused a price spike earlier this week.
- Investment Firm net position increased by 25.49m to -90.48m
- Investment Funds net position fell by 2.79m to +118.40m
- Commercial Undertaking net position fell by 21.76m to -25.6m
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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