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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS CFTC Natural Gas speculative net positions climbed to -173.5K in May 2026
FMPMonthlyReleased June 2026
US CFTC Natural Gas speculative net positions climbed to -173.5K in May 2026, released June 2026, up 20.5K from April's -194K reading.
Latest Release
-173.500000
Actual
—
Consensus
-194.000000
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 | +0.35 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.31 | 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 -174 thousand in June 2026. The reading rose from the previous value of -194 thousand. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -143 thousand, ranging from -206 thousand to -74 thousand across 42 releases.
WHY IT MATTERS
The trailing three releases averaged -185 thousand, up from the prior three at -191 thousand. Volatility over the past year (σ 39 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 -136 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 26, 2026. Same-country events in the next 14 days include Chicago Fed National Activity Index (Jun 25) and Durable Goods Orders MoM (Jun 25).
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 for the week ending June 19 registered at -173.500K, improving from the prior week’s -194.000K. This marks a reduction in net short positions compared to June 12’s reading, signaling a modest shift toward less bearish sentiment. Market participants remain cautious ahead of upcoming supply data and seasonal demand trends. Updated 6/22/26
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 -173.5 K. Prior reading (Jun 2026): -194 K. Before that (Jun 2026): -186.1 K.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - US Events
| Thursday, June 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Chicago Fed National Activity Index | 0.14 | 0.12 | 0.12 | Medium | |
| 12:30 | US | Durable Goods Orders MoM | 7.9 | -4.3 | -4.30 | High | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.30 | High | |
| 12:30 | US | Initial Jobless Claims | 226 | 225 | 225.00 | Medium | |
| 12:30 | US | Personal Income MoM | 0 | 0.4 | 0.40 | High | |
| 12:30 | US | Personal Spending MoM | 0.1 | 0.1 | 0.10 | Low | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 1.1 | 0.7 | 0.70 | Medium | |
| 12:30 | US | PCE Price Index MoM | 0.4 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Non Defense Goods Orders Ex Air | -1.1 | 0.6 | 0.60 | Low | |
| 12:30 | US | Continuing Jobless Claims | 1810 | 1800 | 1784.50 | Low | |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.40 | Low | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 8.1 | -3.9 | -3.90 | Low | |
| 12:30 | US | Jobless Claims 4-Week Average | 223.25 | 226 | 225.25 | Low | |
| 12:30 | US | PCE Price Index YoY | 3.8 | 4 | 4.00 | Medium | |
| 12:30 | US | Real Consumer Spending | 1.4 | 1.4 | 1.40 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 8 | 6 | 10.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 9 | 7 | 11.50 | Low | |
| Friday, June 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Goods Trade Balance Adv | -83 | -85.2 | -85.20 | Medium | |
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.2 | 0.20 | Medium | |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.6 | 0.1 | 0.10 | Medium | |
| 12:30 | US | Goods Trade Balance | -83.01 | -85.4 | -85.40 | Medium | |