Free Trial

Funds Reduce TTF Net Long Positions Slightly in Week to May 17

NATGAS

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures eased back from the most bullish since February 2022 according to the commitment of traders data for the week to May 17. The rise comes amid supply concern from LNG competition from Asia and supported by higher cooling demand next week and low wind generation in NW Europe.

  • TTF front month futures have rallied from a low of €29.15/MWh last week and €22.513/MWh on February to a high of €33.94Wh earlier today with added support in recent weeks from Norwegian and US LNG export supply outages as well as geopolitical risks.
    • Investment Firm net position fell by 14.44m to -104.18m
    • Investment Funds net position fell by 11.66m to +91.55m
    • Commercial Undertaking net position increased by 9.53m to 14.99m


Source: Bloomberg

To read the full story

Close

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.