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Funds Switch Back to Net Long Henry Hub Position

NATGAS

GAS POSITIONING – Managed money net positions on seven US Henry Hub contracts turned more bullish last week with a switch back to a net long position according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts increase from a small net short of 8.5k the previous week to a net long of 16k according to Bloomberg.
  • Fund positioning had shown a net short position since Feb. 23.
  • The long only position was the highest in three weeks and the short only position fell to the lowest in five weeks.


Source: Bloomberg

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