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NATGAS: Funds Increase Net Long TTF Positions to New High

NATGAS

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures edged up to a new high, according to the commitment of traders data for the week to Aug 30.

  • Near term fundamentals are relatively bearish but the European gas market remains sensitive to any unplanned supply disruptions and competition for LNG supplies from Asia heading into the winter heating season. TTF front month has eased lower in the last week with the market coping during the current Norwegian maintenance season and with gas storage rising towards capacity.
  • Investment Firm net position increased by 27.99m to -194.93m
  • Investment Funds net position increased by 5.18m to +268.42m
  • Commercial Undertaking net position fell by 38.86m to -78.45m

 

 

Source: Bloomberg

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