Nat Gas ICE LD1 COT Report
CFTC Commitments of Traders · positions as of Tuesday 2026-10-20, released Oct 23, 2026 (the CFTC reports each Tuesday's close three days later) · next release Oct 30, 2026 (regular cycle; see the release schedule for holiday shifts)
Nat Gas ICE LD1 positioning leans bullish - commercials buying (26w index 100), speculators crowded short (3y index 0).
How this read is built
- Commercials (hedgers) are net long and sit near the top of their 26-week range (COT index 100) - a bullish tilt in the traditional read.
- Large speculators are net short near the bottom of their 3-year range (index 0) - a crowded short, which historically leans bullish for the setup.
A description of how traders are positioned versus their own history - the standard Commitments of Traders interpretation, computed identically for every market. It is not a price forecast, a trading signal, or advice. How traders use positioning · how the read is computed.
As of the COT report, large speculators are net short 124,139 Nat Gas ICE LD1 futures contracts (down 124,990 week-over-week), commercials are net long 97,662, and open interest is 7,844,136 contracts. Managed money was net long 131,088 contracts as of (up 16,243 week-over-week), holding 580,204 long and 449,116 short.
Cite this data
FuturesBench, "Nat Gas ICE LD1 COT Report," data as of 2026-10-20. https://futuresbench.com/cot/nat-gas-ice-ld1/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/nat-gas-ice-ld1.csv
Embed this chart
<iframe src="https://futuresbench.com/embed/cot/nat-gas-ice-ld1/" width="100%" height="560" frameborder="0" loading="lazy" title="Nat Gas ICE LD1 COT Report chart - FuturesBench"></iframe>
Positioning - as of Tuesday 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Large speculators | -124,139 | -124,990 | -1.6% | 0.0 | 0.0 | 0.0 |
| Commercials | 97,662 | +124,824 | 1.2% | 100.0 | 100.0 | 100.0 |
| Small traders | 26,477 | +166 | 0.3% | 27.4 | 42.2 | 27.7 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
This week in numbers
- Commercials net position rose by 124,824 contracts to 97,662 - the largest weekly change since 2026-05-26.
- Large speculators net position fell by 124,990 contracts to -124,139 - the largest weekly change since 2026-05-26.
- Large speculators flipped to net short (-124,139 contracts) as of 2026-10-20.
- Commercials flipped to net long (97,662 contracts) as of 2026-10-20.
- Large speculators net position is at a 52-week low (-124,139 contracts).
Every sentence above is computed from the stored series - no commentary, no forecasts.
Disaggregated report - positions as of Tue 2026-10-20
| Trader category | Net position | Weekly change | % of open interest | COT index 26w | COT index 52w | COT index 3y |
|---|---|---|---|---|---|---|
| Producer/merchant | 2,141,476 | +115,461 | 27.3% | 56.4 | 69.3 | 40.7 |
| Swap dealers | -2,043,814 | +9,363 | -26.1% | 100.0 | 100.0 | 100.0 |
| Managed money | 131,088 | +16,243 | 1.7% | 5.7 | 1.6 | 15.3 |
| Other reportables | -255,227 | -141,233 | -3.3% | 0.0 | 0.0 | 0.0 |
| Small traders | 26,477 | +166 | 0.3% | 27.4 | 42.2 | 27.7 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Nat Gas ICE LD1 managed money positions, week by week
Managed money long, short and net position in Nat Gas ICE LD1 futures for the last 26 weekly COT reports (positions as of each Tuesday), from the CFTC Disaggregated futures-only report. Short = long minus net; spread positions are excluded from both.
| Report date | Managed money long | Managed money short | Managed money net | Weekly change | Producer/merchant net | Swap dealers net |
|---|---|---|---|---|---|---|
| 580,204 | 449,116 | 131,088 | +16,243 | 2,141,476 | -2,043,814 | |
| 595,252 | 480,407 | 114,845 | -26,638 | 2,026,015 | -2,053,177 | |
| 586,074 | 444,591 | 141,483 | -75,489 | 2,074,272 | -2,080,998 | |
| 635,736 | 418,764 | 216,972 | +56,204 | 2,004,240 | -2,090,611 | |
| 578,727 | 417,959 | 160,768 | -28,933 | 2,080,205 | -2,189,993 | |
| 676,898 | 487,197 | 189,701 | +14,571 | 2,024,356 | -2,137,105 | |
| 669,705 | 494,575 | 175,130 | +13,738 | 1,961,614 | -2,087,785 | |
| 632,651 | 471,259 | 161,392 | +25,940 | 1,890,634 | -2,053,109 | |
| 625,777 | 490,325 | 135,452 | -4,778 | 2,099,371 | -2,194,186 | |
| 628,454 | 488,224 | 140,230 | -28,693 | 2,062,028 | -2,154,728 | |
| 647,078 | 478,155 | 168,923 | +10,818 | 2,055,410 | -2,158,833 | |
| 619,805 | 461,700 | 158,105 | -29,925 | 2,086,651 | -2,149,385 | |
| 630,207 | 442,177 | 188,030 | -9,839 | 2,218,271 | -2,297,229 | |
| 634,794 | 436,925 | 197,869 | -31,025 | 2,193,193 | -2,290,337 | |
| 611,584 | 382,690 | 228,894 | -50,194 | 2,158,578 | -2,288,421 | |
| 597,847 | 318,759 | 279,088 | -23,647 | 2,044,998 | -2,289,325 | |
| 599,060 | 296,325 | 302,735 | -27,542 | 2,019,986 | -2,308,699 | |
| 578,660 | 248,383 | 330,277 | -21,905 | 2,201,611 | -2,447,933 | |
| 596,068 | 243,886 | 352,182 | -30,467 | 2,155,287 | -2,413,855 | |
| 608,974 | 226,325 | 382,649 | -16,542 | 2,115,662 | -2,395,475 | |
| 601,393 | 202,202 | 399,191 | +22,295 | 2,042,698 | -2,382,322 | |
| 596,721 | 219,825 | 376,896 | -7,083 | 2,269,884 | -2,499,694 | |
| 579,756 | 195,777 | 383,979 | -11,976 | 2,124,281 | -2,484,666 | |
| 592,788 | 196,833 | 395,955 | -4,949 | 2,161,840 | -2,454,189 | |
| 579,987 | 179,083 | 400,904 | +46,222 | 2,149,583 | -2,461,263 | |
| 563,410 | 208,728 | 354,682 | +32,624 | 2,335,530 | -2,571,669 |
Every week back to 2010: Nat Gas ICE LD1 disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 7,844,136 | -124,139 | -124,990 | 97,662 | +124,824 | 26,477 |
| 2026-10-13 | 7,781,005 | 851 | +20,497 | -27,162 | -20,436 | 26,311 |
| 2026-10-06 | 7,749,633 | -19,646 | -78,918 | -6,726 | +79,645 | 26,372 |
| 2026-09-29 | 7,686,828 | 59,272 | -30,323 | -86,371 | +23,417 | 27,099 |
| 2026-09-22 | 8,014,941 | 89,595 | -4,773 | -109,788 | +2,961 | 20,193 |
| 2026-09-15 | 7,995,976 | 94,368 | -13,896 | -112,749 | +13,422 | 18,381 |
| 2026-09-08 | 7,888,051 | 108,264 | -37,853 | -126,171 | +36,304 | 17,907 |
| 2026-09-01 | 7,816,562 | 146,117 | +70,575 | -162,475 | -67,660 | 16,358 |
| 2026-08-25 | 8,161,366 | 75,542 | +923 | -94,815 | -2,115 | 19,273 |
| 2026-08-18 | 7,993,338 | 74,619 | -9,832 | -92,700 | +10,723 | 18,081 |
| 2026-08-11 | 7,873,079 | 84,451 | +48,221 | -103,423 | -40,689 | 18,972 |
| 2026-08-04 | 7,798,054 | 36,230 | -17,255 | -62,734 | +16,224 | 26,504 |
| 2026-07-28 | 8,028,413 | 53,485 | -13,898 | -78,958 | +18,186 | 25,473 |
| 2026-07-21 | 7,948,088 | 67,383 | -33,236 | -97,144 | +32,699 | 29,761 |
| 2026-07-14 | 7,918,011 | 100,619 | -115,352 | -129,843 | +114,484 | 29,224 |
| 2026-07-07 | 7,782,336 | 215,971 | -43,889 | -244,327 | +44,386 | 28,356 |
| 2026-06-30 | 7,697,319 | 259,860 | +44,014 | -288,713 | -42,391 | 28,853 |
| 2026-06-23 | 8,001,089 | 215,846 | -14,765 | -246,322 | +12,246 | 30,476 |
| 2026-06-16 | 7,985,695 | 230,611 | -22,784 | -258,568 | +21,245 | 27,957 |
| 2026-06-09 | 7,865,641 | 253,395 | -34,307 | -279,813 | +59,811 | 26,418 |
| 2026-06-02 | 7,776,410 | 287,702 | +89,662 | -339,624 | -109,814 | 51,922 |
| 2026-05-26 | 8,075,218 | 198,040 | -134,020 | -229,810 | +130,575 | 31,770 |
| 2026-05-19 | 8,023,396 | 332,060 | +70,187 | -360,385 | -68,036 | 28,325 |
| 2026-05-12 | 7,983,208 | 261,873 | -18,829 | -292,349 | +19,331 | 30,476 |
| 2026-05-05 | 7,901,199 | 280,702 | +97,867 | -311,680 | -75,541 | 30,978 |
| 2026-04-28 | 8,169,743 | 182,835 | +4,492 | -236,139 | -29,871 | 53,304 |
Full history, no login: CSV (2010-01-12 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Nat Gas ICE LD1 futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 124,139 contracts in Nat Gas ICE LD1 futures.
- What is the managed money position in Nat Gas ICE LD1 futures?
- As of the 2026-10-20 COT report, managed money traders are net long 131,088 contracts (580,204 long, 449,116 short) in Nat Gas ICE LD1 futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Nat Gas ICE LD1 COT data?
- The latest report is dated 2026-10-20 (positions as of that Tuesday's close), published by the CFTC on 2026-10-23. This page updates within minutes of each weekly release.
- Where can I download Nat Gas ICE LD1 COT history?
- The full weekly series (2010-01-12 to 2026-10-20) is free at /data/cot/nat-gas-ice-ld1.csv - no login, no cap.
Learn: how to read this report · commercials vs non-commercials · glossary
Related markets
Source: CFTC Commitments of Traders, legacy futures-only report, contract code 023391. Dataset coverage 2010-01-12 → 2026-10-20. Methodology.