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NAT GAS ICE LD1

NAT GAS ICE LD1 · ICE FUTURES ENERGY DIV · CFTC code 023391 · week ending 2026-10-06

Trader category
Range

Managed Money is net long 1.8% of open interest — elevated on the short side

Managed Money holds a net position of 141,483 contracts, or 1.8% of the 7,749,633 contracts of open interest, leaving the category net long. That is meaningfully below its three-year average, though short of an extreme (z = −1.25 and sits at 16 on a 0–100 scale of its three-year range). In contracts, the net position moved −75,489 while open interest moved +62,805 — new shorts entering, with fresh money taking the short side as open interest grew. That is −1.00pp as a share of open interest.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable
Recent weeks (table view)
Week Open interest Net Net % OI Δ pp Z COT Idx
2026-10-06 7,749,633 141,483 1.83% -1.00 -1.25 16
2026-09-29 7,686,828 216,972 2.82% 0.82 -1.03 23
2026-09-22 8,014,941 160,768 2.01% -0.37 -1.21 17
2026-09-15 7,995,976 189,701 2.37% 0.15 -1.13 20
2026-09-08 7,888,051 175,130 2.22% 0.16 -1.16 19
2026-09-01 7,816,562 161,392 2.06% 0.41 -1.20 18
2026-08-25 8,161,366 135,452 1.66% -0.09 -1.30 15
2026-08-18 7,993,338 140,230 1.75% -0.39 -1.27 16
2026-08-11 7,873,079 168,923 2.15% 0.12 -1.19 18
2026-08-04 7,798,054 158,105 2.03% -0.31 -1.22 18
2026-07-28 8,028,413 188,030 2.34% -0.15 -1.16 20
2026-07-21 7,948,088 197,869 2.49% -0.40 -1.13 21