Am I correct that there will be trading this afternoon in energy futures? I wonder if some of these shorts will be running for cover:
DJ CFTC: Gas Speculators Boost Short Position
NEW YORK (Dow Jones)--Large non-commercial traders added long and short
contracts to their natural gas futures positions during the week ended Aug. 26,
bolstering their short position, the Commodity Futures Trading Commission
reported Friday.
Speculative, or non-commercial, traders added 2,417 contracts to their long
position in futures-only contracts and 11,425 contracts to their short
position, resulting in a net short position of 156,144 contracts, 9,008 above
last week's total.
In futures and options combined, non-commercial traders were net short by
230,329 contracts, 28,268 more than the previous week.
Commercial traders were net long in futures-only contracts by 110,614
contracts, 5,113 more than last week, after adding long and cutting short
contracts. Such traders increased their long position by 1,004 contracts and
reduced their short position by 4,109 contracts.
Week Ended Vs Previous
Aug. 26 Week
NYMEX GAS FUTURES ONLY
Long
Non-Commercial 203,620 201,203
Commercial 340,058 339,054
Short
Non-Commercial 359,764 348,339
Commercial 229,444 233,553
NYMEX GAS FUTURES AND OPTIONS COMBINED
Long
Non-Commercial 183,098 185,303
Commercial 531,183 525,101
Short
Non-Commercial 414,427 387,364
Commercial 349,106 367,425
-By Christine Buurma, Dow Jones Newswires; 201-938-2061;
christine.buurma@dowjones.com
(END) Dow Jones Newswires
08-29-08 1703ET
Copyright (c) 2008 Dow Jones & Company, Inc.
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