The "smartest men in the room" supposedly the hedge funds haven't had too much luck this year in the natural gas market. After accumulating a record high long position of 488,901 contracts on the February 2014 high, funds have been reluctantly selling as the market hits new lows for the year.
Friday's Commitment of Trader's report showed funds long 150,432 contracts (futures only), down 11,847 from the previous week.
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