May 20, 2024 11:03 GMT
Funds Raise Net Long Henry Hub Position Again
NATGAS
GAS POSITIONING – Money managers increased net long positions on seven US Henry Hub contracts last week to the most bullish since late January according to the Commitments of Traders data released on Friday.
- Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 16k to a net long of 64k according to Bloomberg but still below the levels seen in H2 2023.
- The long only and short only positions both fell again to the lowest levels since late January but with short only positions falling more than long only positions.
Source: Bloomberg
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