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Funds Net Henry Hub Positioning Most Bearish Since Feb 2023

NATGAS

GAS POSITIONING – Managed money net positions on seven US Henry Hub contracts last week fell to the most bearish since Feb 2023 according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts fell from a small net short of 28k the previous week to a net short of 64k according to Bloomberg.
  • The long only position pulled back from the highest since May 2022 last week and the short only position fell back from the highest since Feb 2020.

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