Research
Natural Gas (Henry Hub): speculative net positioning at 3-year low
Non-commercial traders were net short 258,863 Natural Gas (Henry Hub) futures contracts as of 2026-11-03, the lowest net reading across 156 weekly reports.
Each statement cites its observations
Facts
- 01
Report date 2026-11-03. Non-commercial long 279,879, short 538,742, net −258,863 contracts.
Observations: 140612, 140615, 140614, 140610, 140611
- 02
Open interest 1,678,554 contracts; non-commercial net equals -15.4% of open interest.
Observations: 140612, 140615, 140614, 140610, 140611
- 03
Percentile rank 0.3 over 156 weeks.
Observations: 140612, 140615, 140614, 140610, 140611
Underlying observations
Provenance
| ID | Metric | Period | Value | Status | Class | Observed | Source |
|---|---|---|---|---|---|---|---|
| 140614 | Commercial long Natural Gas (Henry Hub) | 2026-11-03 | 621,081 | Verified | Public | 2026-11-07 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 140615 | Commercial short Natural Gas (Henry Hub) | 2026-11-03 | 378,032 | Verified | Public | 2026-11-07 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 140611 | Non-commercial long Natural Gas (Henry Hub) | 2026-11-03 | 279,879 | Verified | Public | 2026-11-07 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 140612 | Non-commercial short Natural Gas (Henry Hub) | 2026-11-03 | 538,742 | Verified | Public | 2026-11-07 13:16 UTC | U.S. Commodity Futures Trading Commission (opens in a new tab) cot-legacy/1.0.0 |
| 140610 | Open interest Natural Gas (Henry Hub) | 2026-11-03 | 1,678,554 | Verified | Public | 2026-11-07 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.