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NATGAS: Funds Net Long TTF Positions Fall Further From August High

NATGAS
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GAS POSITIONING - Investment fund net long positioning in ICE TTF futures eased back further in the week to Sept. 20 from the highs seen during August, according to the commitment of traders data.

  • TTF front month is holding recent gains but below a high of €36.77/MWh from last week as the market focuses on geopolitical and hurricane driven supply risks and with a brief cold spell expected in NW Europe this weekend.
  • TTF futures aggregate open interest is holding just below the record high of 2.038m seen in August having rallied from a low of 0.886m in late 2022.
  • Investment Firm net position increased by 8.23m to -193.40m
  • Investment Funds net position fell by 28.82m to +192.37m
  • Commercial Undertaking net position increase by 16.83m to +1.82m

 

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GAS POSITIONING - Investment fund net long positioning in ICE TTF futures eased back further in the week to Sept. 20 from the highs seen during August, according to the commitment of traders data.

  • TTF front month is holding recent gains but below a high of €36.77/MWh from last week as the market focuses on geopolitical and hurricane driven supply risks and with a brief cold spell expected in NW Europe this weekend.
  • TTF futures aggregate open interest is holding just below the record high of 2.038m seen in August having rallied from a low of 0.886m in late 2022.
  • Investment Firm net position increased by 8.23m to -193.40m
  • Investment Funds net position fell by 28.82m to +192.37m
  • Commercial Undertaking net position increase by 16.83m to +1.82m

 

Keep reading...Show less