Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical electricity usage data and present appropriate options. Request now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

Major Gas Traders Increase Net Long Stake

November 04, 2019

Major commercial traders of natural gas futures and options are net long by the largest ratio in four years at this timestep.

According to the latest CFTC Commitment of Traders Report, this class of trader is 54% net long versus 48% net long one year ago. A difference of 6%. The chart below shows the plus/minus from a perfect 50/50 mix of long and short positions.

Industry analysts often watch the CFTC report, and interpret a net long position as a belief that prices will be lower in the future and that traders are ensuring opportunities to buy into a lower market.

Major Traders