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NATGAS: Funds Increase Henry Hub Net Longs in Week to Nov. 12

NATGAS
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HH GAS POSITIONING – Funds increased net long positions on seven US Henry Hub contracts last week to recover after the decline seen in late October, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 26k to a net long of 32k in the week to Nov. 12, according to Bloomberg. The long only position was the highest in more than two months.
  • Managed money Nymex Henry Hub futures and options rose by 9k on the week to a net short of 137k driven by a drop in short only positions, according to the Nymex disaggregated data.
  • Henry Hub is today trading up from the previous close but holding below the highs of $3.02/mmbtu seen last week.
    • US Natgas DEC 24 up 1.4% at 2.86$/mmbtu
    • US Natgas JAN 25 up 0.9% at 3.12$/mmbtu
    • US Natgas NOV 25 up 1% at 3.51$/mmbtu
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HH GAS POSITIONING – Funds increased net long positions on seven US Henry Hub contracts last week to recover after the decline seen in late October, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 26k to a net long of 32k in the week to Nov. 12, according to Bloomberg. The long only position was the highest in more than two months.
  • Managed money Nymex Henry Hub futures and options rose by 9k on the week to a net short of 137k driven by a drop in short only positions, according to the Nymex disaggregated data.
  • Henry Hub is today trading up from the previous close but holding below the highs of $3.02/mmbtu seen last week.
    • US Natgas DEC 24 up 1.4% at 2.86$/mmbtu
    • US Natgas JAN 25 up 0.9% at 3.12$/mmbtu
    • US Natgas NOV 25 up 1% at 3.51$/mmbtu