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Funds TTF Positions Rise to Most Bullish Since Nov 2021

NATGAS

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures rose further last week to the most bullish since November 2021 according to the commitment of traders data for the week to June 28.

  • European gas market fundamentals are relatively stable as the region builds stocks ahead of the upcoming winter season, but the market remains sensitive to any unplanned supply disruptions and weather in Europe and Asia.
  • Investment Firm net position fell by 8.6m to -152.51m
  • Investment Funds net position increased by 15.6m to +146.57m
  • Commercial Undertaking net position fell by 15.1m to 2.97m


Source: Bloomberg / ICE

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