FX.co ★ Speculators Trim Bearish Bets on U.S. Natural Gas as Net Shorts Narrow

Net speculative positions in U.S. natural gas futures became less negative in the latest reporting period, suggesting a modest easing of bearish sentiment among traders. According to the latest data, updated on 13 March 2026, CFTC natural gas speculative net positions rose to -186.9K from a previous level of -206.4K.

While the overall stance remains net short, the reduction in negative positioning indicates that some speculators have either covered shorts or increased long exposure. This shift may reflect changing expectations around future supply-demand dynamics or price stabilization in the U.S. natural gas market, even as overall sentiment remains cautious.