September 18, 2024 09:59 GMT
NATGAS: Funds Net Long TTF Positions Still High Depsite Dip
NATGAS
GAS POSITIONING - Investment fund net long positioning in ICE TTF futures eased back further from the highs seen during August but remain at historically very high levels, according to the commitment of traders data for the week to Sept. 13.
- TTF futures have softened so far this month with high underground and floating storage and the expected recovery in Norwegian pipeline supplies later this week helping to ease some tight winter supply risks.
- Investment Firm net position fell by 0.53m to -201.63m
- Investment Funds net position fell by 21.83m to +221.19m
- Commercial Undertaking net position increase by 26.46m to -15.00m
Source: Bloomberg
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