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POWER: Investment Funds Net Long Position Has Sharpest Drop Since Flipping

POWER
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Investment funds positioning in ICE German power futures decreased their net long position from the previous week for the first time in two weeks, according to the latest COT data as of 13 September.

  • Investment Funds net long position decreased by 117,504 to +685,223 – This is the sharpest drop since Investment Funds flipped into a net long position on 9 August.
  • Investment Firms net long position fell again by 133,614 to +433,962 –  A new low since flipping to a net long position in the week of 17 May.
  • Commercial Undertaking net short position increased by 212,352 to -1.753mn – a new low.
  • The German front-month power baseload was down on the week last week again to track similar movements in ETS and TTF.
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Investment funds positioning in ICE German power futures decreased their net long position from the previous week for the first time in two weeks, according to the latest COT data as of 13 September.

  • Investment Funds net long position decreased by 117,504 to +685,223 – This is the sharpest drop since Investment Funds flipped into a net long position on 9 August.
  • Investment Firms net long position fell again by 133,614 to +433,962 –  A new low since flipping to a net long position in the week of 17 May.
  • Commercial Undertaking net short position increased by 212,352 to -1.753mn – a new low.
  • The German front-month power baseload was down on the week last week again to track similar movements in ETS and TTF.