ERCOT North Traders a Little Less Long
June 01, 2020
According to last week’s CFTC Commitments of Traders reports, non-commercial traders of ERCOT North Real Time Peak Fixed Price futures and options are moving in the opposite direction Y-O-Y. In May 2019, this class of trader was 41% net long and getting longer. This year, this group is 84% net long after a steady decline from 95% in March. Non-commercial traders tend to be individual investors, hedge funds, and large financial institutions and have a strong history when it comes to understanding market direction. However, that is no guarantee of future performance.
