NATURAL GAS INDEX: EP SAN JUAN COT Report, Disaggregated
Wednesday, October 28, 2026
Managed Money net +868 contracts in NATURAL GAS INDEX: EP SAN JUAN, 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
NATURAL GAS INDEX: EP SAN JUAN - ICE FUTURES ENERGY DIV
CFTC contract code
0233AX
Contract unit
2500 Mmbtu
Open interest, contracts
18,983
Change in open interest, contracts
+3,622
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
14,084
13,813
-
+271
74.2
72.8
1.4
Swap Dealers
1,067
2,043
122
-976
5.6
10.8
-5.1
Managed Money
868
0
0
+868
4.6
0.0
4.6
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
16,141
15,978
-
+163
85.0
84.2
0.9
Nonreportable
2,842
3,005
-
-163
15.0
15.8
-0.9
Managed Money: position against its own history
Weekly net, last 18 reports
Managed Money net, contracts
+868
Week change
+0
4-week change
-31
13-week change
+868
Net as % of open interest
4.6%
Percentile, 1 year (52 weeks)
-
Percentile, 3 years (156 weeks)
-
Z-score, 52 weeks
-
COT Index, 3 years
-
52-week high of net
+1,271
52-week low of net
-977
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
13
10
Managed Money
-
0
Other Reportables
0
0
Total reportable
17
13
Largest 4 traders, gross long
53.2%
Largest 4 traders, gross short
57.0%
Largest 8 traders, gross long
73.8%
Largest 8 traders, gross short
76.2%
Largest 4 traders, net long
48.6%
Largest 4 traders, net short
51.8%
Largest 8 traders, net long
66.7%
Largest 8 traders, net short
69.0%
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
14,084
13,813
-
+271
74.2
72.8
1.4
Swap Dealers
1,067
2,043
122
-976
5.6
10.8
-5.1
Managed Money
868
0
0
+868
4.6
0.0
4.6
Other Reportables
0
0
0
+0
0.0
0.0
0.0
Total reportable
16,141
15,978
-
+163
85.0
84.2
0.9
Nonreportable
2,842
3,005
-
-163
15.0
15.8
-0.9
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
18,983
Old crop / nearest months, contracts
18,983
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
18,983
+271
-976
+868
+0
+163
-163
Tue 13 Oct 2026
15,361
+1,200
-1,216
+868
+0
+852
-852
Tue 6 Oct 2026
13,851
+470
-1,216
+868
+0
+122
-122
Tue 29 Sep 2026
17,293
-1,372
-316
+868
+0
-820
+820
Tue 22 Sep 2026
16,158
-1,682
+174
+899
+0
-609
+609
Tue 15 Sep 2026
15,259
-1,093
-365
+0
+0
-1,458
+1,458
Tue 1 Sep 2026
17,407
-1,862
-179
+0
+0
-2,041
+2,041
Tue 25 Aug 2026
17,127
-976
-453
+0
+0
-1,429
+1,429
Tue 3 Mar 2026
20,448
-1,752
-366
+280
+0
-1,838
+1,838
Tue 24 Feb 2026
20,448
-1,752
-366
+280
+0
-1,838
+1,838
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.