Natural Gas Commitment of Trader's Report - Hedge Funds Liquidating As Market Hits 3+ Year Low

The hedge funds are finally "throwing in the towel" regarding existing long positions in the natural gas market which fell sharply according to the holiday-delayed Commitment of Trader's report released today.

The current fund long position (futures only) in the natural gas market was estimated at 105,250 contracts according to the report, down 23,044 or 18% from the previous week.

The funds were record long 488,901 contracts in February 2014, the exact week the market topped for the year.