January 22, 2025 09:05 GMT
POWER: Investment Funds Raise Net Short Power Positioning for Third Week
POWER
Investment Funds positioning in ICE German power futures continue to increase their net short position for the third consecutive week to reach another fresh high, according to the latest COT data as of 17 Jan.
- Investment Funds net short positioning rose to -13.719mn from -13.683mn in the week of 10 January.
- Investment Firms net short positioning increased on the week sharply to -839,573 from -182,567 the week prior.
- Commercial Undertakings raised their net long positioning to another fresh high, with positioning increasing to 14.569mn from 13.711mn.
Despite the rise in net short positioning recorded by Investment Funds and Investment Firms, the German front-month power base-load contract recorded a sharp increase on the week on 17 January due to weekly price rises in the energy complex.
121 words