Managed Money net +131,088 contracts in NAT GAS ICE LD1, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
NAT GAS ICE LD1 - ICE FUTURES ENERGY DIV
CFTC contract code
023391
Contract unit
Contracts Of 2,500 Mmbtu'S
Open interest, contracts
7,844,136
Change in open interest, contracts
+63,131
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
4,503,609
2,362,133
-
+2,141,476
57.4
30.1
27.3
Swap Dealers
901,474
2,945,288
328,817
-2,043,814
11.5
37.5
-26.1
Managed Money
580,204
449,116
864,909
+131,088
7.4
5.7
1.7
Other Reportables
146,654
401,881
473,011
-255,227
1.9
5.1
-3.3
Total reportable
7,798,678
7,825,155
-
-26,477
99.4
99.8
-0.3
Nonreportable
45,458
18,981
-
+26,477
0.6
0.2
0.3
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
+131,088
Week change
+16,243
4-week change
-29,680
13-week change
-66,781
Net as % of open interest
1.7%
Percentile, 1 year (52 weeks)
4
Percentile, 3 years (156 weeks)
6
Z-score, 52 weeks
-1.21
COT Index, 3 years
15
52-week high of net
+1,114,060
52-week low of net
+114,845
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
143
108
Swap Dealers
23
21
Managed Money
14
14
Other Reportables
24
31
Total reportable
259
217
Largest 4 traders, gross long
21.9%
Largest 4 traders, gross short
33.3%
Largest 8 traders, gross long
34.3%
Largest 8 traders, gross short
47.8%
Largest 4 traders, net long
17.3%
Largest 4 traders, net short
30.6%
Largest 8 traders, net long
28.4%
Largest 8 traders, net short
43.5%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
4,503,609
2,362,133
-
+2,141,476
57.4
30.1
27.3
Swap Dealers
901,731
2,944,977
329,136
-2,043,246
11.5
37.5
-26.0
Managed Money
580,204
449,116
864,909
+131,088
7.4
5.7
1.7
Other Reportables
146,654
401,881
473,011
-255,227
1.9
5.1
-3.3
Total reportable
7,799,253
7,825,163
-
-25,910
99.4
99.8
-0.3
Nonreportable
45,466
19,556
-
+25,910
0.6
0.2
0.3
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
7,844,136
Old crop / nearest months, contracts
7,844,136
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
7,844,136
+2,141,476
-2,043,814
+131,088
-255,227
-26,477
+26,477
Tue 13 Oct 2026
7,781,005
+2,026,015
-2,053,177
+114,845
-113,994
-26,311
+26,311
Tue 6 Oct 2026
7,749,633
+2,074,272
-2,080,998
+141,483
-161,129
-26,372
+26,372
Tue 29 Sep 2026
7,686,828
+2,004,240
-2,090,611
+216,972
-157,700
-27,099
+27,099
Tue 22 Sep 2026
8,014,941
+2,080,205
-2,189,993
+160,768
-71,173
-20,193
+20,193
Tue 15 Sep 2026
7,995,976
+2,024,356
-2,137,105
+189,701
-95,333
-18,381
+18,381
Tue 8 Sep 2026
7,888,051
+1,961,614
-2,087,785
+175,130
-66,866
-17,907
+17,907
Tue 1 Sep 2026
7,816,562
+1,890,634
-2,053,109
+161,392
-15,275
-16,358
+16,358
Tue 25 Aug 2026
8,161,366
+2,099,371
-2,194,186
+135,452
-59,910
-19,273
+19,273
Tue 18 Aug 2026
7,993,338
+2,062,028
-2,154,728
+140,230
-65,611
-18,081
+18,081
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.