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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Natural Gas speculative net positions climbed to -233.6K in September 2026
FMPMonthlyReleased October 2026
US CFTC Natural Gas speculative net positions climbed to -233.6K in September 2026, released October 2026, up 2.8K from August's -236.4K reading.
Latest Release
-233.600000
Actual
—
Consensus
-236.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.31 | FOREX | Moves with | → View |
| GOOGL | ▼ Inverse | −0.27 | STOCKS | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.27 | COMMODITIES | Moves against | → View |
| USD/CHF | ▲ Direct | +0.27 | FOREX | Moves with | → View |
| AUD/USD | ▼ Inverse | −0.26 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CFTC Natural Gas speculative net positions (United States) was reported at -234 thousand in October 2026. The reading rose from the previous value of -236 thousand. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -180 thousand, ranging from -236 thousand to -107 thousand across 41 releases.
WHY IT MATTERS
The trailing three releases averaged -234 thousand, down from the prior three at -219 thousand. Volatility over the past year (σ 31 thousand) is higher than the prior year (σ 16 thousand). In October readings over the past 3 years, CFTC Natural Gas speculative net positions has averaged -234 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD).
WHAT TO WATCH NEXT
The next release is scheduled for October 23, 2026. Same-country events in the next 14 days include EIA Gasoline Stocks Change (Oct 21) and EIA Crude Oil Stocks Change (Oct 21).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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CFTC Natural Gas speculative net positions - US
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About CFTC Natural Gas speculative net positions — United States
DEFINITION
US CFTC Natural Gas speculative net positions stood at -233.600K for the week ending October 16, improving slightly from October 9’s -236.400K. This marks a modest reduction in net short positions after a steady increase since early September. Market participants remain cautious amid ongoing volatility in natural gas futures. Updated 10/16/26
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual -233.6 K. Prior reading (Oct 2026): -236.4 K. Before that (Oct 2026): -231 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - US Events
| Tuesday, October 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Housing Starts | 1.221 | 1.288 | 1.3 | 1.26 | High |
| 12:30 | US | Housing Starts MoM | -5.2 | -5.9 | 1.9 | -1.65 | Medium |
| 12:30 | US | Building Permits | 1.4 | 1.403 | 1.39 | 1.39 | High |
| 12:30 | US | Building Permits MoM | -0.2 | -2.1 | -0.7 | -0.47 | Medium |
| 14:00 | US | Pending Home Sales YoY | -11.3 | -4.7 | 1 | -5.15 | Medium |
| 14:00 | US | Pending Home Sales MoM | -7.3 | 0.3 | -0.5 | -3.90 | Medium |
| 20:30 | US | API Crude Oil Stock Change | -4.93 | -11.12 | -1.3 | -3.12 | Medium |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Jobless Claims 4-Week Average | 198.5 | 200 | 197.25 | High | |
| 12:30 | US | Continuing Jobless Claims | 1710 | 1720 | 1713.50 | High | |
| 12:30 | US | Initial Jobless Claims | 199 | 200 | 187.50 | High | |
| 14:00 | US | Leading Index MoM | -0.1 | -0.1 | -0.10 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 67 | 83 | 81.50 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 14 | 11 | 11.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 20 | 18 | 21.00 | Low | |