FX.co ★ Positive Shift in U.S. Natural Gas Speculative Positions Signals Market Optimism

In a noteworthy turn for the U.S. energy market, the latest Commodity Futures Trading Commission (CFTC) report, updated as of December 5, 2025, reveals a positive shift in natural gas speculative net positions. The newest figures indicate a rise to -145.3K, improving from the previous -158.8K. This development hints at growing market optimism and potential shifts in trader sentiment around natural gas futures.

The reduction in the negative net position suggests that traders are scaling back on short positions. This could potentially reflect expectations of rising natural gas prices, possibly spurred by various factors such as anticipated increases in demand, forecasts of colder weather, or geopolitical events affecting supply.

The market's response to these changing dynamics will be pivotal in shaping the trajectory of natural gas pricing and the broader energy markets as the industry navigates through seasonal shifts and evolving economic conditions. Market participants will be closely monitoring further data releases to adjust their positions accordingly.