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NATGAS: Funds Maintain Net Long Henry Hub Positions After Q2 Gains

NATGAS
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GAS POSITIONING – Funds net long positions on seven US Henry Hub contracts edge slightly lower in the week to Sept. 17, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts fell by 2k to a net long of 118k, according to Bloomberg.
  • Managed money Nymex Henry Hub futures and options rose by 13k on the week to a net short of 38k driven by a decline in short only positions, according to the Nymex disaggregated data.
  • Henry Hub front month futures are maintaining the bullish trend in place this month with a declining storage surplus towards the end of the injection season. Production also remains below July and August levels and with ongoing Gulf of Mexico hurricane risks. 

 

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GAS POSITIONING – Funds net long positions on seven US Henry Hub contracts edge slightly lower in the week to Sept. 17, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts fell by 2k to a net long of 118k, according to Bloomberg.
  • Managed money Nymex Henry Hub futures and options rose by 13k on the week to a net short of 38k driven by a decline in short only positions, according to the Nymex disaggregated data.
  • Henry Hub front month futures are maintaining the bullish trend in place this month with a declining storage surplus towards the end of the injection season. Production also remains below July and August levels and with ongoing Gulf of Mexico hurricane risks. 

 

Keep reading...Show less