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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.
HENRY HUB
GAS POSITIONING – Money managers increased net long positions on seven US Henry Hub contracts again last week to remain the most bullish since November according to the Commitments of Traders data released on Friday.
- The rise is despite a continuation of the pullback in Henry hub futures from a high of $3.159/mmbtu on June 11 back to end of May levels driven by a recent recovery in US production and ongoing curtailment to US LNG export terminal feedgas flows.
- Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 15k to a net long of 152k according to Bloomberg but still below levels as high as 180k seen in Nov. 2023.
- The short only position was the lowest level since November 2023.
- US Natgas AUG 24 down 1.5% at 2.56$/mmbtu
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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