FX.co ★ U.S. Natural Gas Speculative Net Positions Continue to Decline: CFTC Report

The latest data from the Commodity Futures Trading Commission (CFTC) reveals a further decline in natural gas speculative net positions in the United States. As of January 23, 2026, the indicator has decreased to -193.5K, in comparison to the previous figure of -185.6K.

This downturn extends the recent trend of rising bearish sentiment among traders in the natural gas market. Speculative net positions, which represent the difference between investors' long and short futures contracts, illustrate a growing inclination towards short positions. This change suggests increased pessimism regarding future price movements in natural gas.

The market will closely observe these developments as they hint towards traders' perspectives on future supply, demand, and broader economic indicators impacting natural gas prices. The ongoing decline in positions could potentially influence investment strategies and market behavior as stakeholders await further assessments and insights.