CFTC: Natural Gas Speculators Lift Net Shorts by 30,679 Contracts

The scale of the weekly swing matters more than the headline level: a 30,679-lot build in net shorts is a decisive one-week repositioning, not incremental drift. It shows speculators leaning hard against natural gas across all four benchmark contracts, a consensus bet rather than a single-market trade. The open question is whether this crowded short base persists or unwinds, since concentrated positioning tends to amplify moves when the underlying catalyst shifts.