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Commitments of Traders in Natural Gas (NYMEX and ICE)

Last update: December 21, 2018, 16:18 EST
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US Commodity Futures Trading Commission (CFTC) publishes a weekly Commitments of Traders (COT) report that provides a breakdown of open interest for natural gas market in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. This chart calculates aggregate number of contracts held by large speculators and displays their net position. Large speculators include money managershedge funds and commodity trading advisors.

The indicator is calculated using the data for NYMEX natural gas, ICE natural gas, NYMEX Henry Hub swaps and NYMEX Henry Hub penultimate swaps.

If large speculators are net long or are increasing their long positions then there is a bullish bias, if they are net short or are increasing their short positions then there is a bearish bias. However, it is important to remember that any side of the trade can become overcrowded. When net positions are near record highs or lows, it may be safer to be on the opposite side of the trade. To understand where the current net positions rank historically, please see CFTC COT Aggregate Data Index.

Updated every Friday by 6 PM Eastern time.

Source: US Commodity Futures Trading Commission, Bluegold Research calculations

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