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Funds Raise Net Long TTF Positions to Most Bullish Since Feb 2022

NATGAS

GAS POSITIONING - Investment funds increased net long positioning in ICE TTF futures to the most bullish since February 2022 according to the commitment of traders data for the week to May 3. The rise suggests growing market concern for tighter supplies over the summer amid LNG competition from Asia and geopolitical risks and despite the healthy European storage inventories.

  • Investment Firm net position increased by 40.06m to -85.47m
  • Investment Funds net position increased by 19.70m to +96.49m
  • Commercial Undertaking net position fell by 26.32m to 12.54m


Source:

Bloomberg

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