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POWER: Investment Funds Reduce Net Short German Power Positioning

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

Investment Funds positioning in ICE German power futures reduced their net short positioning slightly from its all-time high in the previous week, albeit remaining above net short positioning for the majority of December 2024, according to the latest COT data as of 24 Jan.

  • Investment Funds net short positioning declined to -13.43mn from -13.71mn in the week of 17 January. This is higher than net short positioning over December 2024 at between -10.76mn and -7.37mn.
  • However, Investment Firms net short positioning increased on the week sharply to -1.29mn from -839,573 from the week prior.
  • Commercial Undertakings raised their net long positioning to another fresh high, with positioning increasing to 14.74mn from 14.56mn.

  • German February power contract climbed by around 10.7% on the week at the end of 24 January owing to price moves in the energy complex and cooler temperatures.






     

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Investment Funds positioning in ICE German power futures reduced their net short positioning slightly from its all-time high in the previous week, albeit remaining above net short positioning for the majority of December 2024, according to the latest COT data as of 24 Jan.

  • Investment Funds net short positioning declined to -13.43mn from -13.71mn in the week of 17 January. This is higher than net short positioning over December 2024 at between -10.76mn and -7.37mn.
  • However, Investment Firms net short positioning increased on the week sharply to -1.29mn from -839,573 from the week prior.
  • Commercial Undertakings raised their net long positioning to another fresh high, with positioning increasing to 14.74mn from 14.56mn.

  • German February power contract climbed by around 10.7% on the week at the end of 24 January owing to price moves in the energy complex and cooler temperatures.






     

    power positioning 1