ERCOT Traders Continue Bearish Trend
July 20, 2020
Non-commercial traders of ERCOT North real-time peak daily fixed price futures and options continue to decrease their long positions. According to last week’s CFTC commitment of trader’s report, the class of trader that includes individual investors, hedge funds and large financial institutions have continued a steady trend that began in late February. Futures prices tend to positively correlate with the positions of non-commercial traders.