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Are Hedge Funds Reducing Bullish Bets on US Natural Gas?

Gordon Kristopher
Are Hedge Funds Reducing Bullish Bets on US Natural Gas?

Hedge funds cut their net long positions in US natural gas futures and options 44.8% to 24,984 on July 17–24. The positions have also fallen ~66% YoY (year-over-year). The reduction could suggest that hedge funds are turning less bullish or more bearish on US natural gas prices. The US CFTC released the latest positions data on July 27.