FX.co ★ Speculative Bets Against US Natural Gas Deepen as Net Shorts Widen in Latest CFTC Data

Speculative traders increased their bearish exposure to US natural gas in the latest reporting period, with net positions slipping further into negative territory. According to data updated on 04 September 2026, CFTC figures show that speculative net positions in natural gas fell to -208.9K contracts, compared with a previous level of -197.9K.

The move signals an expansion in net short positions, indicating that market participants are increasingly positioning for potential downside in natural gas prices. The shift from -197.9K to -208.9K underscores a strengthening of negative sentiment among speculators in the US natural gas market, as reflected in the latest CFTC report.