Natural Gas positioning
Speculative traders were net short 233,578 Natural Gas futures contracts as of 13 October 2026, the 1st percentile of its last 160 weeks, a rise of 2,861 on the week.
This week
Reported for 13 October 2026
| Net speculative position | −233,578 net short |
|---|---|
| Long contracts | 277,328 |
| Short contracts | 510,906 |
| Change on the week | +2,861 |
| Against its own history | 1st percentile of 160 weeks an extreme for this market |
| Open interest | 1,741,163 |
| Commercial net | +218,838 hedgers, the other side of the speculative position |
Net position over time
160 weekly readings · zero is the line between net long and net short
Natural Gas net speculative position
Non-commercial longs minus shorts, in contracts.
Natural Gas net speculative position, 160 weeks
Show values
| Point | Net position |
|---|---|
| 26 Sep 2023 | −94,159 |
| 3 Oct 2023 | −79,200 |
| 10 Oct 2023 | −50,659 |
| 17 Oct 2023 | −57,326 |
| 24 Oct 2023 | −70,272 |
| 31 Oct 2023 | −54,652 |
| 7 Nov 2023 | −69,970 |
| 14 Nov 2023 | −102,627 |
| 21 Nov 2023 | −120,259 |
| 28 Nov 2023 | −107,889 |
| 5 Dec 2023 | −111,079 |
| 12 Dec 2023 | −111,617 |
| 19 Dec 2023 | −106,518 |
| 26 Dec 2023 | −106,120 |
| 2 Jan 2024 | −91,647 |
| 9 Jan 2024 | −66,147 |
| 16 Jan 2024 | −56,508 |
| 23 Jan 2024 | −80,581 |
| 30 Jan 2024 | −103,183 |
| 6 Feb 2024 | −114,231 |
| 13 Feb 2024 | −136,557 |
| 20 Feb 2024 | −153,872 |
| 27 Feb 2024 | −141,553 |
| 5 Mar 2024 | −128,748 |
| 12 Mar 2024 | −101,493 |
| 19 Mar 2024 | −103,595 |
| 26 Mar 2024 | −117,273 |
| 2 Apr 2024 | −118,730 |
| 9 Apr 2024 | −127,897 |
| 16 Apr 2024 | −131,875 |
| 23 Apr 2024 | −132,478 |
| 30 Apr 2024 | −150,233 |
| 7 May 2024 | −135,768 |
| 14 May 2024 | −116,632 |
| 21 May 2024 | −90,095 |
| 28 May 2024 | −75,423 |
| 4 Jun 2024 | −99,665 |
| 11 Jun 2024 | −102,758 |
| 18 Jun 2024 | −104,085 |
| 25 Jun 2024 | −89,262 |
| 2 Jul 2024 | −90,288 |
| 9 Jul 2024 | −105,472 |
| 16 Jul 2024 | −93,534 |
| 23 Jul 2024 | −88,351 |
| 30 Jul 2024 | −83,137 |
| 6 Aug 2024 | −66,340 |
| 13 Aug 2024 | −80,770 |
| 20 Aug 2024 | −81,253 |
| 27 Aug 2024 | −92,205 |
| 3 Sep 2024 | −100,293 |
| 10 Sep 2024 | −87,605 |
| 17 Sep 2024 | −89,576 |
| 24 Sep 2024 | −91,497 |
| 1 Oct 2024 | −108,994 |
| 8 Oct 2024 | −123,558 |
| 15 Oct 2024 | −139,378 |
| 22 Oct 2024 | −166,185 |
| 29 Oct 2024 | −166,173 |
| 5 Nov 2024 | −156,448 |
| 12 Nov 2024 | −156,119 |
| 19 Nov 2024 | −161,049 |
| 26 Nov 2024 | −153,392 |
| 3 Dec 2024 | −151,623 |
| 10 Dec 2024 | −140,579 |
| 17 Dec 2024 | −128,201 |
| 24 Dec 2024 | −120,276 |
| 31 Dec 2024 | −118,073 |
| 7 Jan 2025 | −104,767 |
| 14 Jan 2025 | −71,583 |
| 21 Jan 2025 | −68,461 |
| 28 Jan 2025 | −65,042 |
| 4 Feb 2025 | −72,198 |
| 11 Feb 2025 | −80,532 |
| 18 Feb 2025 | −94,616 |
| 25 Feb 2025 | −73,783 |
| 4 Mar 2025 | −79,144 |
| 11 Mar 2025 | −92,990 |
| 18 Mar 2025 | −123,043 |
| 25 Mar 2025 | −131,909 |
| 1 Apr 2025 | −122,615 |
| 8 Apr 2025 | −109,180 |
| 15 Apr 2025 | −117,126 |
| 22 Apr 2025 | −104,142 |
| 29 Apr 2025 | −112,398 |
| 6 May 2025 | −117,165 |
| 13 May 2025 | −112,079 |
| 20 May 2025 | −113,902 |
| 27 May 2025 | −129,102 |
| 3 Jun 2025 | −104,896 |
| 10 Jun 2025 | −108,482 |
| 17 Jun 2025 | −92,518 |
| 24 Jun 2025 | −93,816 |
| 1 Jul 2025 | −92,846 |
| 8 Jul 2025 | −87,791 |
| 15 Jul 2025 | −74,050 |
| 22 Jul 2025 | −77,600 |
| 29 Jul 2025 | −85,753 |
| 5 Aug 2025 | −93,765 |
| 12 Aug 2025 | −97,046 |
| 19 Aug 2025 | −105,088 |
| 26 Aug 2025 | −103,946 |
| 2 Sep 2025 | −102,776 |
| 9 Sep 2025 | −94,547 |
| 16 Sep 2025 | −110,944 |
| 23 Sep 2025 | −128,084 |
| 30 Sep 2025 | −125,200 |
| 7 Oct 2025 | −141,961 |
| 14 Oct 2025 | −152,113 |
| 21 Oct 2025 | −158,779 |
| 28 Oct 2025 | −145,296 |
| 4 Nov 2025 | −141,539 |
| 10 Nov 2025 | −140,029 |
| 18 Nov 2025 | −137,719 |
| 25 Nov 2025 | −138,403 |
| 2 Dec 2025 | −126,479 |
| 9 Dec 2025 | −106,479 |
| 16 Dec 2025 | −128,037 |
| 23 Dec 2025 | −156,320 |
| 30 Dec 2025 | −154,894 |
| 6 Jan 2026 | −165,559 |
| 13 Jan 2026 | −185,601 |
| 20 Jan 2026 | −193,490 |
| 27 Jan 2026 | −163,606 |
| 3 Feb 2026 | −172,310 |
| 10 Feb 2026 | −171,865 |
| 17 Feb 2026 | −185,812 |
| 24 Feb 2026 | −198,519 |
| 3 Mar 2026 | −206,422 |
| 10 Mar 2026 | −186,856 |
| 17 Mar 2026 | −178,029 |
| 24 Mar 2026 | −172,607 |
| 31 Mar 2026 | −167,456 |
| 7 Apr 2026 | −183,987 |
| 14 Apr 2026 | −186,888 |
| 21 Apr 2026 | −168,315 |
| 28 Apr 2026 | −166,273 |
| 5 May 2026 | −166,646 |
| 12 May 2026 | −176,306 |
| 19 May 2026 | −192,196 |
| 26 May 2026 | −203,181 |
| 2 Jun 2026 | −186,115 |
| 9 Jun 2026 | −193,957 |
| 16 Jun 2026 | −173,476 |
| 23 Jun 2026 | −176,689 |
| 30 Jun 2026 | −170,803 |
| 7 Jul 2026 | −165,307 |
| 14 Jul 2026 | −178,612 |
| 21 Jul 2026 | −171,138 |
| 28 Jul 2026 | −190,799 |
| 4 Aug 2026 | −197,546 |
| 11 Aug 2026 | −197,135 |
| 18 Aug 2026 | −203,503 |
| 25 Aug 2026 | −197,932 |
| 1 Sep 2026 | −208,911 |
| 8 Sep 2026 | −219,767 |
| 15 Sep 2026 | −221,587 |
| 22 Sep 2026 | −216,530 |
| 29 Sep 2026 | −231,020 |
| 6 Oct 2026 | −236,439 |
| 13 Oct 2026 | −233,578 |
Against its own history
The percentile each week: the share of earlier weeks whose net was at or below it · every market as gauges
Natural Gas positioning percentile
Above 90, near the most long it has been; below 10, near the most short. Withheld until 26 weeks of history.
Natural Gas positioning percentile, by week
Show values
| Point | Percentile |
|---|---|
| 26 Sep 2023 | — |
| 3 Oct 2023 | — |
| 10 Oct 2023 | — |
| 17 Oct 2023 | — |
| 24 Oct 2023 | — |
| 31 Oct 2023 | — |
| 7 Nov 2023 | — |
| 14 Nov 2023 | — |
| 21 Nov 2023 | — |
| 28 Nov 2023 | — |
| 5 Dec 2023 | — |
| 12 Dec 2023 | — |
| 19 Dec 2023 | — |
| 26 Dec 2023 | — |
| 2 Jan 2024 | — |
| 9 Jan 2024 | — |
| 16 Jan 2024 | — |
| 23 Jan 2024 | — |
| 30 Jan 2024 | — |
| 6 Feb 2024 | — |
| 13 Feb 2024 | — |
| 20 Feb 2024 | — |
| 27 Feb 2024 | — |
| 5 Mar 2024 | — |
| 12 Mar 2024 | — |
| 19 Mar 2024 | — |
| 26 Mar 2024 | 19 |
| 2 Apr 2024 | 19 |
| 9 Apr 2024 | 14 |
| 16 Apr 2024 | 10 |
| 23 Apr 2024 | 10 |
| 30 Apr 2024 | 3 |
| 7 May 2024 | 13 |
| 14 May 2024 | 36 |
| 21 May 2024 | 74 |
| 28 May 2024 | 80 |
| 4 Jun 2024 | 64 |
| 11 Jun 2024 | 57 |
| 18 Jun 2024 | 50 |
| 25 Jun 2024 | 74 |
| 2 Jul 2024 | 70 |
| 9 Jul 2024 | 46 |
| 16 Jul 2024 | 67 |
| 23 Jul 2024 | 77 |
| 30 Jul 2024 | 77 |
| 6 Aug 2024 | 89 |
| 13 Aug 2024 | 76 |
| 20 Aug 2024 | 75 |
| 27 Aug 2024 | 60 |
| 3 Sep 2024 | 53 |
| 10 Sep 2024 | 72 |
| 17 Sep 2024 | 67 |
| 24 Sep 2024 | 62 |
| 1 Oct 2024 | 30 |
| 8 Oct 2024 | 17 |
| 15 Oct 2024 | 6 |
| 22 Oct 2024 | 0 |
| 29 Oct 2024 | 2 |
| 5 Nov 2024 | 3 |
| 12 Nov 2024 | 5 |
| 19 Nov 2024 | 3 |
| 26 Nov 2024 | 10 |
| 3 Dec 2024 | 11 |
| 10 Dec 2024 | 16 |
| 17 Dec 2024 | 27 |
| 24 Dec 2024 | 31 |
| 31 Dec 2024 | 35 |
| 7 Jan 2025 | 51 |
| 14 Jan 2025 | 88 |
| 21 Jan 2025 | 91 |
| 28 Jan 2025 | 94 |
| 4 Feb 2025 | 85 |
| 11 Feb 2025 | 81 |
| 18 Feb 2025 | 59 |
| 25 Feb 2025 | 84 |
| 4 Mar 2025 | 81 |
| 11 Mar 2025 | 61 |
| 18 Mar 2025 | 26 |
| 25 Mar 2025 | 19 |
| 1 Apr 2025 | 28 |
| 8 Apr 2025 | 40 |
| 15 Apr 2025 | 35 |
| 22 Apr 2025 | 49 |
| 29 Apr 2025 | 37 |
| 6 May 2025 | 33 |
| 13 May 2025 | 39 |
| 20 May 2025 | 37 |
| 27 May 2025 | 20 |
| 3 Jun 2025 | 50 |
| 10 Jun 2025 | 45 |
| 17 Jun 2025 | 67 |
| 24 Jun 2025 | 64 |
| 1 Jul 2025 | 66 |
| 8 Jul 2025 | 76 |
| 15 Jul 2025 | 86 |
| 22 Jul 2025 | 84 |
| 29 Jul 2025 | 76 |
| 5 Aug 2025 | 61 |
| 12 Aug 2025 | 57 |
| 19 Aug 2025 | 46 |
| 26 Aug 2025 | 50 |
| 2 Sep 2025 | 53 |
| 9 Sep 2025 | 60 |
| 16 Sep 2025 | 37 |
| 23 Sep 2025 | 19 |
| 30 Sep 2025 | 21 |
| 7 Oct 2025 | 9 |
| 14 Oct 2025 | 7 |
| 21 Oct 2025 | 3 |
| 28 Oct 2025 | 10 |
| 4 Nov 2025 | 13 |
| 10 Nov 2025 | 14 |
| 18 Nov 2025 | 16 |
| 25 Nov 2025 | 16 |
| 2 Dec 2025 | 26 |
| 9 Dec 2025 | 48 |
| 16 Dec 2025 | 25 |
| 23 Dec 2025 | 4 |
| 30 Dec 2025 | 6 |
| 6 Jan 2026 | 2 |
| 13 Jan 2026 | 0 |
| 20 Jan 2026 | 0 |
| 27 Jan 2026 | 4 |
| 3 Feb 2026 | 2 |
| 10 Feb 2026 | 2 |
| 17 Feb 2026 | 1 |
| 24 Feb 2026 | 0 |
| 3 Mar 2026 | 0 |
| 10 Mar 2026 | 2 |
| 17 Mar 2026 | 5 |
| 24 Mar 2026 | 5 |
| 31 Mar 2026 | 8 |
| 7 Apr 2026 | 5 |
| 14 Apr 2026 | 2 |
| 21 Apr 2026 | 9 |
| 28 Apr 2026 | 10 |
| 5 May 2026 | 10 |
| 12 May 2026 | 7 |
| 19 May 2026 | 2 |
| 26 May 2026 | 1 |
| 2 Jun 2026 | 5 |
| 9 Jun 2026 | 2 |
| 16 Jun 2026 | 10 |
| 23 Jun 2026 | 9 |
| 30 Jun 2026 | 13 |
| 7 Jul 2026 | 19 |
| 14 Jul 2026 | 8 |
| 21 Jul 2026 | 14 |
| 28 Jul 2026 | 4 |
| 4 Aug 2026 | 2 |
| 11 Aug 2026 | 3 |
| 18 Aug 2026 | 1 |
| 25 Aug 2026 | 3 |
| 1 Sep 2026 | 0 |
| 8 Sep 2026 | 0 |
| 15 Sep 2026 | 0 |
| 22 Sep 2026 | 1 |
| 29 Sep 2026 | 0 |
| 6 Oct 2026 | 0 |
| 13 Oct 2026 | 1 |
Related instruments
The futures contract and the spot instrument are not the same thing; they move together, not identically.
Reading this figure
It is futures positioning and not spot, it is a Tuesday snapshot published the following Friday, and a level is not a signal. The hub explains each limit, and none of this is advice.