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Investment funds’ long TTF gas position tops 121TWh
Investment funds have traded much more heavily at the TTF over the past two months, with their net long position almost tripling to 121.7TWh on 7 June from 31.8TWh in early April, the most recent Ice commitment-of-traders report shows. This is the largest net long position that investment funds have held in the past two and a half years. Late 2020 was the last time that investment funds increased their net long position so quickly, jumping from roughly 75TWh on 27 November 2020 to a peak of nearly 256TWh on 12 February 2021 (see investment fund graph). Firms began to unwind this net long position from May, and there ... (full story)