SessionOpenby 2G's
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FIG 01 — ENERGY · NG

Natural Gas Positioning

Managed Money net

-102,756

WoW change

+2,953

Open interest

1,679,435

3Y index

22

52w: 24

FIG 02 — NET POSITIONING · 3 YEARS · SHADED = 52W SPEC RANGE

Managed MoneyProducers & Merchants
+0k-160.7k+108.4k2023-04-252026-07-21

FIG 03 — WEEK-OVER-WEEK CHANGE · MANAGED MONEY · 26 WEEKS

02026-01-272026-07-21

FIG 04 — READ

What this week's report says

Managed money added 6,809 long contracts and added 3,856 short contracts in Natural Gas this week — a net bullish shift of +2,953 contracts. They remain net short overall.

Managed money and producers & merchants moved in opposite directions this week — speculative and institutional flows disagree on Natural Gas.

Open interest rose alongside the positioning change — fresh money is entering, which typically strengthens the move rather than short-covering.

Data as of Tue 2026-07-21 · source CFTC Disaggregated report · next update 2026-07-31