FIG 01 — ENERGY · NG
Natural Gas Positioning
Managed Money net
-157,409
WoW change
-30,928
Open interest
1,710,685
3Y index
52w: 0
FIG 02 — NET POSITIONING · 3 YEARS · SHADED = 52W SPEC RANGE
FIG 03 — WEEK-OVER-WEEK CHANGE · MANAGED MONEY · 26 WEEKS
FIG 04 — READ
What this week's report says
CautionPositioning is stretched: managed money are more net short than in 99% of the past 3 years. Crowded shorts raise squeeze risk — a caution flag, not a buy signal on its own.
Managed money cut 24,641 long contracts and added 6,287 short contracts in Natural Gas this week — a net bearish shift of −30,928 contracts. They remain net short overall.
Open interest fell while positioning shifted — traders are closing exposure rather than adding, which weakens the signal.
Data as of Tue 2026-10-20 · source CFTC Disaggregated report · next update 2026-10-30