InvestorsHub Logo
Followers 13
Posts 778
Boards Moderated 0
Alias Born 07/11/2014

Re: surehands post# 13608

Thursday, 06/22/2017 7:23:38 AM

Thursday, June 22, 2017 7:23:38 AM

Post# of 18980
Hi, sure

I don't know how to read this table. I did a lot of calculation, but could not get the same number as Celsius stated. Could you give us some education about the table? Thanks

See below:

As of June 13, the open interest on natural gas contracts traded on the NYMEX decreased by -47,501 contracts to 1,465,130 compared to last week which is above the 1-year average of 1,226,620. Natural gas investors remain optimistic about the commodity's prospects as the total number of long contracts outnumber short contracts by 80,825 with 58% of total contracs being long. However, compared to last week, the percentage of long contracts has decreased suggesting that investors are reducing long exposure in anticipation of a pullback.