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NATGAS: Funds Maintain Strong Net Long TTF Positions

NATGAS

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures maintains just below the high from last week, according to the commitment of traders data for the week to Aug 23. 

  • TTF front month has seen a rally from a low of €36.1/MWh on Aug 23 with focus on tightening supplies during the Norwegian maintenance season.  Conflict in Ukraine and the Middle East, and LNG competition from Asia also remain upside risks despite healthy gas in store.
  • Investment Firm net position fell by 15.59m to -222.93m
  • Investment Funds net position fell by 3.33m to +263.25m
  • Commercial Undertaking net position increased by 18.85m to -39.59m

 

 

Source: Bloomberg

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