March natural gas prices registered a lower low during the early Monday morning hours. There appeared to be a measure of conflict regarding near-term US weather forecasts and their impact on heat-related demand for natural gas. The Commitments of Traders Futures and Options report as of January 29th showed non-commercial traders were net short 145,434 contracts, a decrease of 2,585. Non-commercial and nonreportable traders combined held a net short position of 124,399 contracts, for a decrease of 7,465 in their net short positioning.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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