Nat Gas ICE PEN 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 PEN positioning leans bearish - commercials selling (26w index 23).
How this read is built
- Commercials (hedgers) are net long and sit near the bottom of their 26-week range (COT index 23) - a bearish tilt in the traditional read.
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 113,923 Nat Gas ICE PEN futures contracts (up 432 week-over-week), commercials are net long 113,904, and open interest is 728,735 contracts. Managed money was net short 207,652 contracts as of (down 56,900 week-over-week), holding 17,882 long and 225,534 short.
Cite this data
FuturesBench, "Nat Gas ICE PEN COT Report," data as of 2026-10-20. https://futuresbench.com/cot/nat-gas-ice-pen/#net-position Source: CFTC Commitments of Traders (public domain). CSV: https://futuresbench.com/data/cot/nat-gas-ice-pen.csv
Embed this chart
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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 | -113,923 | +432 | -15.6% | 77.1 | 84.4 | 54.1 |
| Commercials | 113,904 | -432 | 15.6% | 22.6 | 15.4 | 45.3 |
| Small traders | 19 | +0 | 0.0% | 48.3 | 48.3 | 47.8 |
Net = long − short (spread positions cancel). COT index: 0 = most net-short of the lookback, 100 = most net-long. How it's computed.
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 | -40,311 | -2,838 | -5.5% | 0.2 | 0.2 | 35.6 |
| Swap dealers | 154,215 | +2,406 | 21.2% | 86.6 | 53.6 | 41.0 |
| Managed money | -207,652 | -56,900 | -28.5% | 0.0 | 47.1 | 41.8 |
| Other reportables | 93,729 | +57,332 | 12.9% | 100.0 | 60.7 | 67.5 |
| Small traders | 19 | +0 | 0.0% | 48.3 | 48.3 | 47.8 |
Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.
Nat Gas ICE PEN managed money positions, week by week
Managed money long, short and net position in Nat Gas ICE PEN 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 |
|---|---|---|---|---|---|---|
| 17,882 | 225,534 | -207,652 | -56,900 | -40,311 | 154,215 | |
| 16,982 | 167,734 | -150,752 | -27,342 | -37,473 | 151,809 | |
| 30,041 | 153,451 | -123,410 | -12,290 | -37,795 | 151,080 | |
| 27,949 | 139,069 | -111,120 | +21,447 | -40,501 | 142,891 | |
| 54,774 | 187,341 | -132,567 | -7,898 | -27,561 | 158,392 | |
| 26,782 | 151,451 | -124,669 | -702 | -22,969 | 144,495 | |
| 17,670 | 141,637 | -123,967 | -2,489 | -23,631 | 144,972 | |
| 8,166 | 129,644 | -121,478 | +30,392 | -20,095 | 142,323 | |
| 13,274 | 165,144 | -151,870 | -31,249 | 2,427 | 110,580 | |
| 13,508 | 134,129 | -120,621 | -17,419 | 5,245 | 89,296 | |
| 18,892 | 122,094 | -103,202 | +18,756 | 9,557 | 80,835 | |
| 11,304 | 133,262 | -121,958 | -62,224 | 12,826 | 92,548 | |
| 15,945 | 75,679 | -59,734 | +104,687 | 19,570 | 71,986 | |
| 12,280 | 176,701 | -164,421 | -259 | 54,248 | 109,922 | |
| 18,530 | 182,692 | -164,162 | -13,444 | 43,093 | 113,017 | |
| 22,226 | 172,944 | -150,718 | +2,958 | 21,607 | 121,473 | |
| 20,356 | 174,032 | -153,676 | +53,641 | 19,655 | 123,831 | |
| 23,100 | 230,417 | -207,317 | -247 | 12,055 | 151,297 | |
| 26,432 | 233,502 | -207,070 | -9,359 | 15,303 | 150,207 | |
| 23,763 | 221,474 | -197,711 | -7,398 | 17,729 | 166,948 | |
| 24,119 | 214,432 | -190,313 | -47,390 | 20,739 | 155,322 | |
| 22,513 | 165,436 | -142,923 | +51,630 | 11,154 | 118,102 | |
| 27,265 | 221,818 | -194,553 | -20,882 | 33,523 | 160,854 | |
| 22,691 | 196,362 | -173,671 | -24,902 | 29,635 | 148,839 | |
| 22,058 | 170,827 | -148,769 | -5,608 | 17,975 | 159,125 | |
| 20,332 | 163,493 | -143,161 | +52,347 | 29,557 | 157,183 |
Every week back to 2013: Nat Gas ICE PEN disaggregated CSV.
Recent history
| Report date | Open interest | Large spec net | Δ | Commercial net | Δ | Small trader net |
|---|---|---|---|---|---|---|
| 2026-10-20 | 728,735 | -113,923 | +432 | 113,904 | -432 | 19 |
| 2026-10-13 | 664,717 | -114,355 | -1,051 | 114,336 | +1,051 | 19 |
| 2026-10-06 | 659,622 | -113,304 | -10,895 | 113,285 | +10,895 | 19 |
| 2026-09-29 | 644,517 | -102,409 | +28,242 | 102,390 | -28,441 | 19 |
| 2026-09-22 | 725,841 | -130,651 | -9,159 | 130,831 | +9,305 | -180 |
| 2026-09-15 | 706,370 | -121,492 | -270 | 121,526 | +185 | -34 |
| 2026-09-08 | 676,796 | -121,222 | +887 | 121,341 | -887 | -119 |
| 2026-09-01 | 651,706 | -122,109 | -9,202 | 122,228 | +9,221 | -119 |
| 2026-08-25 | 752,027 | -112,907 | -18,510 | 113,007 | +18,466 | -100 |
| 2026-08-18 | 712,286 | -94,397 | -4,183 | 94,541 | +4,149 | -144 |
| 2026-08-11 | 706,411 | -90,214 | +14,894 | 90,392 | -14,982 | -178 |
| 2026-08-04 | 676,348 | -105,108 | -15,181 | 105,374 | +13,818 | -266 |
| 2026-07-28 | 761,304 | -89,927 | +74,072 | 91,556 | -72,614 | -1,629 |
| 2026-07-21 | 690,703 | -163,999 | -8,047 | 164,170 | +8,060 | -171 |
| 2026-07-14 | 671,071 | -155,952 | -13,030 | 156,110 | +13,030 | -158 |
| 2026-07-07 | 655,402 | -142,922 | +388 | 143,080 | -406 | -158 |
| 2026-06-30 | 647,077 | -143,310 | +19,858 | 143,486 | -19,866 | -176 |
| 2026-06-23 | 730,036 | -163,168 | +2,098 | 163,352 | -2,158 | -184 |
| 2026-06-16 | 726,983 | -165,266 | +19,322 | 165,510 | -19,167 | -244 |
| 2026-06-09 | 710,048 | -184,588 | -8,496 | 184,677 | +8,616 | -89 |
| 2026-06-02 | 690,721 | -176,092 | -42,443 | 176,061 | +46,805 | 31 |
| 2026-05-26 | 758,107 | -133,649 | +60,893 | 129,256 | -65,121 | 4,393 |
| 2026-05-19 | 728,848 | -194,542 | -15,931 | 194,377 | +15,903 | 165 |
| 2026-05-12 | 702,735 | -178,611 | -1,197 | 178,474 | +1,374 | 137 |
| 2026-05-05 | 670,557 | -177,414 | +5,260 | 177,100 | -9,640 | 314 |
| 2026-04-28 | 658,139 | -182,674 | +39,201 | 186,740 | -34,690 | -4,066 |
Full history, no login: CSV (2013-05-07 → 2026-10-20) · JSON
Contract facts
FAQ
- Are large speculators long or short Nat Gas ICE PEN futures?
- As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 113,923 contracts in Nat Gas ICE PEN futures.
- What is the managed money position in Nat Gas ICE PEN futures?
- As of the 2026-10-20 COT report, managed money traders are net short 207,652 contracts (17,882 long, 225,534 short) in Nat Gas ICE PEN futures. The week-by-week table on this page lists the last 26 reports.
- How current is this Nat Gas ICE PEN 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 PEN COT history?
- The full weekly series (2013-05-07 to 2026-10-20) is free at /data/cot/nat-gas-ice-pen.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 023392. Dataset coverage 2013-05-07 → 2026-10-20. Methodology.