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POWER: Investment Funds Power Position Nears 2024 Net Long High

POWER

Investment funds positioning in ICE German power futures increased their net long position from the previous week to near the 2024 high on 16 August, according to the latest COT data as of 6 September.

  • Investment Funds net long position increased by 39,369 to +802,728 – just ending below the +823,656 net long positions reported on the week of 16 August.
  • Investment Firms net long position fell by 613,871 to +567,576 – the lowest since flipping to a net long position in the week of 17 May.
  • Commercial Undertaking net short position increased by 333,184 to -1.541mn
  • Despite this, the German front-month power baseload was down on the week last week amid price falls in TTF.

 

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