October 09, 2024 08:39 GMT
NATGAS: Funds Raised Net Long TTF Positions Last Week
NATGAS
GAS POSITIONING - Investment fund net long positioning in ICE TTF futures edged back higher again last week as the market remains wary of a tightening balance over the winter heating season from any supply disruptions and or colder weather
- Fund positions of 209m in the week to Oct. 4 remain below the recent high of 268m from late August, according to the commitment of traders data.
- TTF front month futures have fallen back so far this week from a peak of €41.18/MWh on Oct. 4 with the forecast of warm weather in the second half of October adding to a wider energy market pull back yesterday as Middle East risks are weighed.
- Investment Firm net position increased by 19.31m to -161.46m
- Investment Funds net position increased by 27.43m to +209.22m
- Commercial Undertaking net position fell by 17.54m to -47.37m
Source: Bloomberg
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