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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.
NATGAS
GAS POSITIONING – Funds increased net long positions on seven US Henry Hub contracts in the week to Aug 6 according to the Commitments of Traders data released on Friday.
- Net positions of the weighted index of Nymex and ICE natural gas contracts rose by 18k to a net long of 151k, according to Bloomberg.
- The positioning is just below the most bullish since November seen at the end of June. Front month futures fell to $1.882/mmbtu on Aug 5 but have since rallied amid stronger global gas markets driven by geopolitics and supported by lower US production and below average storage injections.
- Managed money Nymex Henry Hub futures and options rose 2k on the week to a net short of 52k with a small increase in both long and short positions, according to the Nymex disaggregated data.
Source: Bloomberg
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.
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