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POWER: Investment Funds Net Long Positioning Descends for Third Week

POWER
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Investment funds positioning in ICE German power futures decreased their net long position for the third consecutive week, according to the latest COT data as of 27 September.

  • Investment Funds net long position decreased by 12,682 to +532,377 – 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 gained by 261,673 to +736,498 – continuing its upward trend for the second consecutive week.
  • Commercial Undertaking net short position decreased by 252,788 to -921,956.
  • The German front-month power baseload increased on the week last week as the  EU ETS Dec24 contract also saw weekly gains to track similar movements in TTF. 
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Investment funds positioning in ICE German power futures decreased their net long position for the third consecutive week, according to the latest COT data as of 27 September.

  • Investment Funds net long position decreased by 12,682 to +532,377 – 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 gained by 261,673 to +736,498 – continuing its upward trend for the second consecutive week.
  • Commercial Undertaking net short position decreased by 252,788 to -921,956.
  • The German front-month power baseload increased on the week last week as the  EU ETS Dec24 contract also saw weekly gains to track similar movements in TTF.