Slow And Steady Transition In Natural Gas

Leverage money flows illustrate the continuation of a net long transfer from retail to commercial traders in natural gas.

Natural Gas (UNG) and the Commercial (C) & Nonreportables (NR) Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:


The slow and steady reduction commercial shorts since 2001 and increase in longs since 2009 reflects a market in transition.

Natural Gas (UNG) and the Commercial Traders COT Futures and Options Stoch Weighted Average of Long & Short As A % of Open Interest


Natural gas is an interesting market. It quietly awaits a trigger; A headline reason that will focus other people's money (OPM). The trigger, whatever it make be, will transition the market from professional accumulation to mark up.