Commitment Of Trader's Report - Speculative Long Position In Natural Gas Plunges

Hedge fund were quick to add to existing long positions in the natural gas market during the four week rally which began in late-April and ended two weeks ago.  Over a 3 week time span, the speculative long position by the funds increased by 152%.

Speculative buying has since reversed into stop-loss selling as the natural gas market has fallen sharply lower losing nearly 18% in just two weeks.

Friday's Commitment of Trader's report showed the speculative long position in the natural gas market as of last Tuesday's close plunging by 47,479 contracts or 29% from the previous week to a current position estimated at 114,285 contracts.

2015 is turning into a year almost as bad as 2014 for the funds attempting to speculative in the natural gas market.