Funds were long 395,000+ contracts on the June high had to liquidate as the market fell to new 2014 lows over following weeks.
As the market has now been in a sideways range for 11 weeks, the funds have been mostly silent.
The funds will likely attempt to play the typical winter rally higher in the natural gas market.
An upside breakout above lower-4.000 resistance would be the technical trigger to add to positions.
Last week funds bought 7,224 contracts and have a current long position of 192,316 contracts (futures only).
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