Research
Natural Gas (Henry Hub): speculative net positioning at 3-year low
Non-commercial traders were net short 241,272 Natural Gas (Henry Hub) futures contracts as of 2026-10-20, the lowest net reading across 156 weekly reports.
Each statement cites its observations
Facts
- 01
Report date 2026-10-20. Non-commercial long 264,475, short 505,747, net −241,272 contracts.
Observations: 139345, 139348, 139347, 139343, 139344
- 02
Open interest 1,710,685 contracts; non-commercial net equals -14.1% of open interest.
Observations: 139345, 139348, 139347, 139343, 139344
- 03
Percentile rank 0.3 over 156 weeks.
Observations: 139345, 139348, 139347, 139343, 139344
Underlying observations
Provenance
| ID | Metric | Period | Value | Status | Class | Observed | Source |
|---|---|---|---|---|---|---|---|
| 139347 | Commercial long Natural Gas (Henry Hub) | 2026-10-20 | 619,833 | Verified | Public | 2026-10-24 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139348 | Commercial short Natural Gas (Henry Hub) | 2026-10-20 | 396,864 | Verified | Public | 2026-10-24 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139344 | Non-commercial long Natural Gas (Henry Hub) | 2026-10-20 | 264,475 | Verified | Public | 2026-10-24 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139345 | Non-commercial short Natural Gas (Henry Hub) | 2026-10-20 | 505,747 | Verified | Public | 2026-10-24 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139343 | Open interest Natural Gas (Henry Hub) | 2026-10-20 | 1,710,685 | Verified | Public | 2026-10-24 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
Source: U.S. Commodity Futures Trading Commission, Commitments of Traders (Legacy, futures only). Calculations: EveryIntel. Generated by intelligence-rules/1.0.0; confidence 97%. Findings describe published data; they are not forecasts, investment advice or recommendations. See the methodology.