February 12, 2025 08:52 GMT
POWER: Investment Funds Net Short Positioning in German Power Falls to Dec Low
POWER
Investment Funds positioning in ICE German power futures reduced their net short positioning for the third consecutive week, with short positioning hitting its lowest since the week of 27 December 2024, according to the latest COT data as of 7 February.
- Investment Funds net short positioning declined to -12.38mn from -12.47mn in the week of 31 January. This is the lowest net short positioning over January 2025 and since the week of 27 December 2024 at -10.76mn.
- Investment Firms net short positioning rebounded on the week to -737,664 from -609,090 the week prior.
- Commercial Undertakings raised their net long positioning slightly, with positioning now at 13.46mn from 13.16mn in week of 31 January.
- German March power contract climbed by around 1.6% on the week at the end of 7 February similar on week price moves in the energy complex.
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