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

As of the 2026-09-01 COT report, large speculators (non-commercial traders) are net short 208,911 contracts in Natural Gas (Henry Hub) futures.

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

The latest report is dated 2026-09-01 (positions as of that Tuesday's close), published by the CFTC on 2026-09-04. 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 2026-09-01) 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 2026-09-01, released Sep 4, 2026 (the CFTC reports each Tuesday's close three days later) · next release Sep 11, 2026 (regular cycle; see the release schedule for holiday shifts)

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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 Sep 1, 2026 COT report, large speculators are net short 208,911 Natural Gas (Henry Hub) futures contracts (down 10,979 week-over-week), commercials are net long 193,432, and open interest is 1,807,497 contracts. Managed money was net short 89,481 contracts as of Sep 1, 2026 (up 10,599 week-over-week).

-208,911

Large speculators net · 52w

193,432

Commercials net

0.0

COT index (3-year)

1,807,497

Open interest

Cite this data

FuturesBench, "Natural Gas (Henry Hub) COT Report," data as of 2026-09-01.
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 2026-09-01

Trader category	Net position	Weekly change	% of open interest	COT index 26w	COT index 52w	COT index 3y
Large speculators	-208,911	-10,979	-11.6%	0.0	0.0	0.0
Commercials	193,432	+5,695	10.7%	100.0	100.0	100.0
Small traders	15,479	+5,284	0.9%	42.3	56.8	42.2

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

Open interest rose 3.4% to 1,807,497 contracts, a 1828-week high.
Large speculators net position is at a 52-week low (-208,911 contracts).
Commercials net position is at a 52-week high (193,432 contracts).

Every sentence above is computed from the stored series - no commentary, no forecasts.

Disaggregated report - positions as of Tue 2026-09-01

Trader category	Net position	Weekly change	% of open interest	COT index 26w	COT index 52w	COT index 3y
Producer/merchant	-17,049	-263	-0.9%	37.4	33.8	71.1
Swap dealers	210,481	+5,369	11.6%	100.0	100.0	100.0
Managed money	-89,481	+10,599	-5.0%	50.1	33.4	26.5
Other reportables	-119,430	-16,007	-6.6%	18.1	43.2	37.0
Small traders	15,479	+302	0.9%	41.7	56.8	42.2

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

Recent history

Report date	Open interest	Large spec net	Δ	Commercial net	Δ	Small trader net
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
2026-04-21	1,576,663	-168,315	+18,573	150,316	-20,596	17,999
2026-04-14	1,585,240	-186,888	-2,901	170,912	+8,825	15,976
2026-04-07	1,558,863	-183,987	-16,531	162,087	+13,659	21,900
2026-03-31	1,514,508	-167,456	+5,151	148,428	-4,320	19,028
2026-03-24	1,504,052	-172,607	+5,422	152,748	-4,658	19,859
2026-03-17	1,560,291	-178,029	+8,827	157,406	-6,766	20,623
2026-03-10	1,565,341	-186,856	+19,566	164,172	-20,188	22,684

Full history, no login: CSV (1990-04-12 → 2026-09-01) · 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 2026-09-01 COT report, large speculators (non-commercial traders) are net short 208,911 contracts in Natural Gas (Henry Hub) futures.
How current is this Natural Gas (Henry Hub) COT data?: The latest report is dated 2026-09-01 (positions as of that Tuesday's close), published by the CFTC on 2026-09-04. 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 2026-09-01) 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 → 2026-09-01. Methodology.