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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
GAS POSITIONING – Managed money net positions on seven US Henry Hub contracts switched to a net short last week according to the Commitments of Traders data released on Friday.
- Net positions of the weighted index of Nymex and ICE natural gas contracts fell from a small net long of 10k the previous week to a net short of 28k according to Bloomberg.
- The net position was the most bearish since early March. The long only position was the highest since May 2022 and the short only position was the highest since Feb 2020.
- Short positions have only ever been greater in Q1 2020 when stocks were at record levels and ahead of the Covid pandemic.
- Henry Hub front month last week fell to the lowest since June 2020 amid a recent supply surplus taking US inventories up to 436bcf above the prior 10-year seasonal average.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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