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Investment Funds Net Short Positioning Ends Bullish Trend

POWER

Investment funds net short positions in ICE German power futures ended its two-week bullish trend to turn the most bearish since 24 May, according to the latest COT data for the week of 19 July.

  • Investment Funds net short position was at -529,413 from -219,666 on 12 July.
  • Investment Firms net long position up +122,506 to +1.034mn.
  • Commercial Undertaking net short position was at -511,264 from -846,204.
  • Germany Base Power AUG 24 up 3.3% at 74.2 EUR/MWh
  • EUA DEC 24 up 2% at 67.05 EUR/MT
  • TTF Gas AUG 24 up 1.7% at 32.15 EUR/MWh

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