Are large speculators long or short Natural Gas (Henry Hub) futures?

As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 241,272 contracts in Natural Gas (Henry Hub) futures.

What is the managed money position in Natural Gas (Henry Hub) futures?

As of the 2026-10-20 COT report, managed money traders are net short 157,409 contracts (202,570 long, 359,979 short) in Natural Gas (Henry Hub) futures. The week-by-week table on this page lists the last 26 reports.

How current is this Natural Gas (Henry Hub) 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 Natural Gas (Henry Hub) COT history?

The full weekly series (1990-04-12 to 2026-10-20) is free at /data/cot/natural-gas.csv - no login, no cap.

Natural Gas (Henry Hub) 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)

Bullish tilt100/100

Natural Gas (Henry Hub) 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 Oct 20, 2026 COT report, large speculators are net short 241,272 Natural Gas (Henry Hub) futures contracts (down 7,694 week-over-week), commercials are net long 222,969, and open interest is 1,710,685 contracts. Managed money was net short 157,409 contracts as of Oct 20, 2026 (down 30,928 week-over-week), holding 202,570 long and 359,979 short.

-241,272

Large speculators net · 52w

222,969

Commercials net

0.0

COT index (3-year)

1,710,685

Open interest

Cite this data

FuturesBench, "Natural Gas (Henry Hub) COT Report," data as of 2026-10-20.
https://futuresbench.com/cot/natural-gas/#net-position
Source: CFTC Commitments of Traders (public domain).
CSV: https://futuresbench.com/data/cot/natural-gas.csv

Net positions since 19901Y5YMax

Embed this chart

<iframe src="https://futuresbench.com/embed/cot/natural-gas/" width="100%" height="560" frameborder="0" loading="lazy" title="Natural Gas (Henry Hub) 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	-241,272	-7,694	-14.1%	0.0	0.0	0.0
Commercials	222,969	+4,131	13.0%	100.0	100.0	100.0
Small traders	18,303	+3,563	1.1%	96.0	73.0	49.4

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	-13,154	-2,273	-0.8%	83.6	38.6	73.2
Swap dealers	236,123	+6,404	13.8%	100.0	100.0	100.0
Managed money	-157,409	-30,928	-9.2%	0.0	0.0	1.2
Other reportables	-83,863	+23,234	-4.9%	70.8	72.3	53.7
Small traders	18,303	+3,563	1.1%	96.0	73.0	49.4

Full Disaggregated report history: CSV · switch the chart above to this report family for the full series.

Natural Gas (Henry Hub) managed money positions, week by week

Managed money long, short and net position in Natural Gas (Henry Hub) 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
Oct 20, 2026	202,570	359,979	-157,409	-30,928	-13,154	236,123
Oct 13, 2026	227,211	353,692	-126,481	+18,056	-10,881	229,719
Oct 6, 2026	218,758	363,295	-144,537	-11,738	-8,229	228,076
Sep 29, 2026	220,522	353,321	-132,799	-67,252	-14,084	227,587
Sep 22, 2026	266,563	332,110	-65,547	+34,658	-23,720	227,244
Sep 15, 2026	264,362	364,567	-100,205	-3,463	-17,207	223,959
Sep 8, 2026	262,109	358,851	-96,742	-7,261	-15,265	216,391
Sep 1, 2026	258,649	348,130	-89,481	-17,808	-17,049	210,481
Aug 25, 2026	269,125	340,798	-71,673	+28,407	-18,985	206,722
Aug 18, 2026	265,239	365,319	-100,080	+10,550	-16,786	205,112
Aug 11, 2026	248,156	358,786	-110,630	+16,303	-17,971	198,648
Aug 4, 2026	228,575	355,508	-126,933	-21,107	-13,794	201,008
Jul 28, 2026	238,465	344,291	-105,826	-3,070	-17,017	196,681
Jul 21, 2026	233,978	336,734	-102,756	+2,953	-33,107	192,209
Jul 14, 2026	227,169	332,878	-105,709	-45,414	-28,132	193,660
Jul 7, 2026	238,317	298,612	-60,295	+4,513	-38,184	187,688
Jun 30, 2026	221,288	286,096	-64,808	+17,914	-31,500	185,440
Jun 23, 2026	202,818	285,540	-82,722	+2,187	-30,615	192,382
Jun 16, 2026	199,050	283,959	-84,909	+37,708	-28,589	191,343
Jun 9, 2026	190,936	313,553	-122,617	-7,763	-21,073	196,811
Jun 2, 2026	189,645	304,499	-114,854	+19,572	-22,783	196,696
May 26, 2026	180,797	315,223	-134,426	-38,123	-10,707	200,885
May 19, 2026	188,978	285,281	-96,303	+23,762	-20,268	194,492
May 12, 2026	181,980	302,045	-120,065	-12,576	-26,324	185,567
May 5, 2026	180,450	287,939	-107,489	-10,244	-28,041	181,191
Apr 28, 2026	180,286	277,531	-97,245	+3,329	-26,578	177,613

Every week back to 2006: Natural Gas (Henry Hub) disaggregated CSV.

Recent history

Report date	Open interest	Large spec net	Δ	Commercial net	Δ	Small trader net
2026-10-20	1,710,685	-241,272	-7,694	222,969	+4,131	18,303
2026-10-13	1,741,163	-233,578	+2,861	218,838	-1,009	14,740
2026-10-06	1,815,990	-236,439	-5,419	219,847	+6,344	16,592
2026-09-29	1,782,129	-231,020	-14,490	213,503	+9,979	17,517
2026-09-22	1,837,146	-216,530	+5,057	203,524	-3,228	13,006
2026-09-15	1,820,003	-221,587	-1,820	206,752	+5,626	14,835
2026-09-08	1,823,243	-219,767	-10,856	201,126	+7,694	18,641
2026-09-01	1,807,497	-208,911	-10,979	193,432	+5,695	15,479
2026-08-25	1,747,730	-197,932	+5,571	187,737	-589	10,195
2026-08-18	1,727,378	-203,503	-6,368	188,326	+7,649	15,177
2026-08-11	1,692,411	-197,135	+411	180,677	-6,537	16,458
2026-08-04	1,705,908	-197,546	-6,747	187,214	+7,550	10,332
2026-07-28	1,672,441	-190,799	-19,661	179,664	+20,562	11,135
2026-07-21	1,679,435	-171,138	+7,474	159,102	-6,426	12,036
2026-07-14	1,663,336	-178,612	-13,305	165,528	+16,024	13,084
2026-07-07	1,669,775	-165,307	+5,496	149,504	-4,436	15,803
2026-06-30	1,634,535	-170,803	+5,886	153,940	-7,827	16,863
2026-06-23	1,613,059	-176,689	-3,213	161,767	-987	14,922
2026-06-16	1,644,546	-173,476	+20,481	162,754	-12,984	10,722
2026-06-09	1,637,740	-193,957	-7,842	175,738	+1,825	18,219
2026-06-02	1,664,003	-186,115	+17,066	173,913	-16,265	12,202
2026-05-26	1,640,082	-203,181	-10,985	190,178	+15,954	13,003
2026-05-19	1,599,429	-192,196	-15,890	174,224	+14,981	17,972
2026-05-12	1,628,279	-176,306	-9,660	159,243	+6,093	17,063
2026-05-05	1,628,637	-166,646	-373	153,150	+2,115	13,496
2026-04-28	1,578,600	-166,273	+2,042	151,035	+719	15,238

Full history, no login: CSV (1990-04-12 → 2026-10-20) · JSON

Contract facts

(Contracts of 10,000 MMBTU'S)

Contract unit (CFTC)

Ticker

NYMEX

Exchange

023651

CFTC contract code

FAQ

Are large speculators long or short Natural Gas (Henry Hub) futures?: As of the 2026-10-20 COT report, large speculators (non-commercial traders) are net short 241,272 contracts in Natural Gas (Henry Hub) futures.
What is the managed money position in Natural Gas (Henry Hub) futures?: As of the 2026-10-20 COT report, managed money traders are net short 157,409 contracts (202,570 long, 359,979 short) in Natural Gas (Henry Hub) futures. The week-by-week table on this page lists the last 26 reports.
How current is this Natural Gas (Henry Hub) 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 Natural Gas (Henry Hub) COT history?: The full weekly series (1990-04-12 to 2026-10-20) is free at /data/cot/natural-gas.csv - no login, no cap.

Learn: how to read this report · commercials vs non-commercials · glossary

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Source: CFTC Commitments of Traders, legacy futures-only report, contract code 023651. Dataset coverage 1990-04-12 → 2026-10-20. Methodology.