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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Natural Gas speculative net positions fell to -194K in May 2026
FMPMonthlyReleased June 2026
US CFTC Natural Gas speculative net positions fell to -194K in May 2026, released June 2026, down 7.9K from April's -186.1K reading.
Latest Release
-194.000000
Actual
—
Consensus
-186.100000
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.36 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.32 | COMMODITIES | Bearish XAU | → 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 -194 thousand in June 2026. The reading fell from the previous value of -186 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -141 thousand, ranging from -206 thousand to -74 thousand across 42 releases.
WHY IT MATTERS
The trailing three releases averaged -194 thousand, down from the prior three at -180 thousand. Volatility over the past year (σ 40 thousand) is higher than the prior year (σ 17 thousand). In June readings over the past 3 years, CFTC Natural Gas speculative net positions has averaged -130 thousand.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for June 19, 2026. Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 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 -194.000000K for the week ending June 12, down from -186.100000K the prior week. This deepening net short position signals increased bearish sentiment compared to the previous reading. Market participants remain cautious ahead of upcoming supply data and Federal Reserve policy updates. Updated 6/12/26
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 (Jun 2026): actual -194 K. Prior reading (Jun 2026): -186.1 K. Before that (May 2026): -203.2 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.