Hedge Funds Slash Bullish Natural Gas Bets to 13-Month Low
Market Intelligence Analysis
AI-PoweredHedge funds have significantly reduced their bullish bets on US natural gas due to mild weather forecasts, resulting in a 13-month low in bullish positions. This decline is attributed to the largest single-day price drop in front-month gas futures in 30 years. The rapid unwinding of long positions has led to losses for traders.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Hedge funds cut bullish bets on US natural gas after forecasts for mild weather triggered the largest single-day price decline in front-month gas futures in 30 years, forcing traders with long positions to rapidly unwind those bets at a loss.
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