Research
Natural Gas (Henry Hub): speculative net positioning at 3-year low
Non-commercial traders were net short 255,164 Natural Gas (Henry Hub) futures contracts as of 2026-10-27, the lowest net reading across 156 weekly reports.
Each statement cites its observations
Facts
- 01
Report date 2026-10-27. Non-commercial long 269,454, short 524,618, net −255,164 contracts.
Observations: 139972, 139975, 139974, 139970, 139971
- 02
Open interest 1,681,043 contracts; non-commercial net equals -15.2% of open interest.
Observations: 139972, 139975, 139974, 139970, 139971
- 03
Percentile rank 0.3 over 156 weeks.
Observations: 139972, 139975, 139974, 139970, 139971
Underlying observations
Provenance
| ID | Metric | Period | Value | Status | Class | Observed | Source |
|---|---|---|---|---|---|---|---|
| 139974 | Commercial long Natural Gas (Henry Hub) | 2026-10-27 | 620,252 | Verified | Public | 2026-10-31 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139975 | Commercial short Natural Gas (Henry Hub) | 2026-10-27 | 383,814 | Verified | Public | 2026-10-31 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139971 | Non-commercial long Natural Gas (Henry Hub) | 2026-10-27 | 269,454 | Verified | Public | 2026-10-31 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139972 | Non-commercial short Natural Gas (Henry Hub) | 2026-10-27 | 524,618 | Verified | Public | 2026-10-31 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 139970 | Open interest Natural Gas (Henry Hub) | 2026-10-27 | 1,681,043 | Verified | Public | 2026-10-31 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.