Hedge funds were quick to buy into the natural gas market during the April-May rally and have been just as quick selling the positions back out as the market falls back toward a 3-year price low.
Friday's Commitment of Trader's report showed the funds long 88,675 natural gas contracts, down 25,610 from the previous week.
The "smartest men in the room" are not looking too bright attempting to trade the natural gas market.
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