2026.04.1019:30:00UTC+00Speculators Deepen Net Short in U.S. Natural Gas as Bearish Bets Expand

Speculative traders have increased their bearish exposure to U.S. natural gas, with net positions falling further into negative territory, according to the latest data. The CFTC Natural Gas speculative net positions indicator declined to -184.0K from a previous level of -167.5K, highlighting a noticeable build-up in short positions.

The shift suggests that market participants are growing more pessimistic about the near-term outlook for natural gas prices, potentially reflecting expectations of ample supply, weaker demand, or broader energy market pressures. The updated data, released on 10 April 2026, underscores a continued trend of investors positioning for downside risk in the U.S. natural gas market.