Free Trial

NATGAS: Funds Raise Bullish TTF Positioning Further Amid Supply Risks

NATGAS

GAS POSITIONING - Investment fund net long positioning in ICE TTF futures surged again to rise above the high from July 2021, according to the commitment of traders data for the week to Aug 16. 

  • The increase is despite an easing of front month TTF futures prices since the rally in early August to a peak of €42.9/MWh on Aug 12. Short term supply risks from a potential early halt to Ukraine transit gas flows have eased but the market remains sensitive to any supply disruption ahead of the upcoming Norwegian maintenance season. 
    • Investment Firm net position fell by 20.02m to -207.34m
    • Investment Funds net position increased by 32.20m to +266.58m
    • Commercial Undertaking net position fell by 13.61m to -58.44m

 

 

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.