Hedge funds’ net long positions in US natural gas futures and options reached a record high of 245,640 for the week ending May 16, 2017. Since then, the positions have declined ~32.5%. US natural gas futures have increased 3.7% from May 16, 2017, to June 29, 2018.
US natural gas prices hit $3.02 per MMBtu on June 15—the highest closing since January 30. Lower natural gas inventories for this period of the year, warmer-than-usual weather, rising natural gas exports, and strong demand supported natural gas prices.
However, natural gas prices have declined ~20.2% since January 29. Record natural gas production and mild weather have weighed on natural gas prices.
View more information: https://marketrealist.com/2018/07/analyzing-hedge-funds-positions-in-us-natural-gas/