May 29, 2024 09:14 GMT
Power POSITIONING – Investment Funds Positioning Turns Slightly Bearish
POWER
Investment funds net short positions in ICE German power futures turned the most bearish since 26 April, according to the COT data for the week of 24 May.
- Investment Funds net position fell slightly by 8,282 to -976,566.
- Investment Firms net position increased by 176,996 to +417,012.
- Commercial Undertaking net position declined by 376,458 to 5.238mn.
- Germany Base Pwr JUN 24 down 0.8% at 71.37 EUR/MWh.
- TTF Gas JUN 24 up 0.4% at 33.67 EUR/MWh.
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