Hedge funds’ long positions one of key drivers for bullish European gas, LNG

Hedge funds have continued to increase their net-long positions in the European natural gas and LNG markets week on week to reach multiyear highs, according to Intercontinental Exchange data, with traders seeing funds’ positions as of the main drivers for the bullishness as well as uncertainty. The number of positions for Dutch TTF natural gas futures totaled 2.99 billion lots…Hedge funds have continued to increase their net-long positions in the European natural gas and LNG markets week on week to reach multiyear highs, according to Intercontinental Exchange data, with traders seeing funds’ positions as of the main drivers for the bullishness as well as uncertainty. The number of positions for Dutch TTF natural gas futures totaled 2.99 billion lots…Read More