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BEARISH: Major Traders Increase Long Term View

February 04, 2020

Major Traders

Larger traders of natural gas futures and options have increased their overall “net long” view to 54% of all positions held according to the CFTC Commitment of Traders Report. One year ago, this class of trader held a 49% overall net long view. With a net long view, traders hold more futures and options to buy in the future rather than sell. This typically means they anticipate lower prices in the future.