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POWER: Investment Funds Net Long Position Halve From High

POWER
BulletPower BulletsEnergy BulletsCommodities

Investment funds positioning in ICE German power futures decreased their net long position for the fourth consecutive week to more than half from its net long high on 16 August, according to the latest COT data as of 4 Oct.

  • Investment Funds net long position decreased by 103,008 to +407,409 – This is the new lowest net long position since Investment Funds flipped from a net short position on 9 August.
  • Investment Firms net long position reduced by 305,567 to +405,224 – halting its two-week upward trend.
  • Commercial Undertaking net short position rose by 40,652 to -1.013mn.
  • The German front-month power baseload decreased on the week last week as the EU ETS Dec24 contract also saw sharp weekly losses. 
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Investment funds positioning in ICE German power futures decreased their net long position for the fourth consecutive week to more than half from its net long high on 16 August, according to the latest COT data as of 4 Oct.

  • Investment Funds net long position decreased by 103,008 to +407,409 – This is the new lowest net long position since Investment Funds flipped from a net short position on 9 August.
  • Investment Firms net long position reduced by 305,567 to +405,224 – halting its two-week upward trend.
  • Commercial Undertaking net short position rose by 40,652 to -1.013mn.
  • The German front-month power baseload decreased on the week last week as the EU ETS Dec24 contract also saw sharp weekly losses.