DJ CFTC: Natural Gas Speculators Increase Net Short Position
NEW YORK (Dow Jones)--Large noncommercial traders cut long contracts from and added short contracts to their natural gas futures positions during the week ended Dec. 1, increasing their net short position, the Commodity Futures Trading Commission reported Friday. Speculative, or noncommercial, traders cut 3,237 contracts from their long positions in futures-only contracts and added 324 contracts to their short positions, resulting in a net short position of 161,068 contracts, 3,651 above last week's total. Open interest was 723,961 contracts, 16,173 more than last week's total. In futures and options combined, noncommercial traders were net short by 71,431 contracts, 7,831 more than the previous week. Commercial traders were net long in futures-only contracts by 131,427 contracts, 3,217 more than the previous week, after adding long and short contracts. These traders increased their long positions by 4,722 contracts and added 1,505 contracts to their short positions. Week Ended Vs Previous Dec. 1 Week NYMEX GAS FUTURES ONLY Long Noncommercial 83,401 86,638 Commercial 315,215 310,493 Short Noncommercial 244,469 244,145 Commercial 183,788 182,283 NYMEX GAS FUTURES AND OPTIONS COMBINED Long Noncommercial 150,093 155,392 Commercial 356,398 349,065 Short Noncommercial 221,524 218,992 Commercial 315,742 315,718 Money managers, such as hedge funds, held a net short position in Nymex natural gas futures of 148,894 contracts in the week, 1,392 above the previous week. The CFTC began splitting large traders into four categories in September. Money managers and other reportables comprise the previous "non-commercial" column, while swap dealers and producers, merchants, processors and users were broken out of the commercial category. Week Ended Week Ended Dec. 1 Nov. 24 NYMEX GAS FUTURES ONLY Long Producers/Users 92,336 91,909 Swap Dealers 150,885 146,324 Money Managers 212,898 66,931 Other Reportables 19,397 19,707 Short Producers/Users 104,091 102,621 Swap Dealers 7,703 7,402 Money Managers 212,898 214,433 Other Reportables 31,571 29,712 NYMEX GAS FUTURES AND OPTIONS COMBINED Long Producers/Users 102,440 101,319 Swap Dealers 139,968 136,613 Money Managers 128,374 133,444 Other Reportables 21,720 21,948 Short Producers/Users 113,287 111,644 Swap Dealers 88,464 92,490 Money Managers 193,465 194,046 Other Reportables 28,059 24,946
No comments:
Post a Comment