Natural Gas Speculators Increase Net Short Position
posted on
May 03, 2009 04:22AM
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NEW YORK (Dow Jones)--Large non-commercial traders added short contracts to
their natural gas futures positions during the week ended April 28, increasing
their net short position, the Commodity Futures Trading Commission reported
Friday.
Speculative, or non-commercial, traders cut 398 contracts from their long
position in futures-only contracts and added 594 contracts to their short
position, resulting in a net short position of 128,979 contracts, 992 above
last week's total.
Open interest was 645,096 contracts, 14,404 below last week's total.
In futures and options combined, non-commercial traders were net short by
28,333 contracts, 3,326 less than the previous week.
Commercial traders were net long in futures-only contracts by 89,300
contracts, 3,232 more than last week, after cutting long and short contracts.
Such traders decreased their long position by 3,420 contracts and cut 6,652
contracts from their short position.
Week Ended Vs Previous
April 28 Week
NYMEX GAS FUTURES ONLY
Long
Non-commercial 71,879 72,277
Commercial 261,319 264,739
Short
Non-commercial 200,858 200,264
Commercial 172,019 178,671
NYMEX GAS FUTURES AND OPTIONS COMBINED
Long
Non-commercial 141,694 137,851
Commercial 326,911 334,165
Short
Non-commercial 170,027 169,510
Commercial 340,476 347,156
-By Christine Buurma, Dow Jones Newswires; 201-938-2061;
christine.buurma@dowjones.com
(END) Dow Jones Newswires
05-01-09 1648ET
Copyright (c) 2009 Dow Jones & Company, Inc.
16:48 050109
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