Energy

Natural Gas COT Positioning

As of Sep 8, 2026, commercial hedgers are net long at +201,126 contracts and added to their position by +7,694 week over week.

Latest: Sep 8, 2026
Coverage: Sep 21, 2021 - Sep 8, 2026
Weeks: 260

Commercial net

+201,126

Net long

Week over week

+7,694

Added

Large specs

-219,767

Retail

+18,641

Percentile

100th

Historic high

Net positioning

Commercials vs large speculators

260 weeks

Recent weeks

Week	Commercial net	Large spec net	Retail net
Sep 8, 2026	+201,126	-219,767	+18,641
Sep 1, 2026	+193,432	-208,911	+15,479
Aug 25, 2026	+187,737	-197,932	+10,195
Aug 18, 2026	+188,326	-203,503

Embed this chart

<iframe src="https://www.analytics-fx.com/embed/cot/natgas" title="Natural Gas COT positioning" width="480" height="240" style="border:0;border-radius:8px;overflow:hidden" loading="lazy"></iframe>

Explore further

Open in the terminal →All COT reports

NATGAS commercial and large speculator net positioning from Sep 21, 2021 to Sep 8, 2026, with a 10th-90th percentile band
Week	Commercial net	Large spec net
2021-09-21	100074	-140220
2021-09-28	105967	-146680
2021-10-05	96637	-133708
2021-10-12	91201	-130902
2021-10-19	86574	-131070
2021-10-26	96361	-138188
2021-11-02	93517	-137713
2021-11-09	98418	-142191
2021-11-16	98415	-144620
2021-11-23	97333	-137255
2021-11-30	93560	-132678
2021-12-07	99372	-132443
2021-12-14	99238	-130226
2021-12-21	109551	-141212
2021-12-28	115610	-146217
2022-01-04	110122	-141907
2022-01-11	95136	-122564
2022-01-18	86174	-118047
2022-01-25	97541	-124535
2022-02-01	90241	-120010
2022-02-08	85151	-115089
2022-02-15	99903	-131424
2022-02-22	95974	-130629
2022-03-01	90088	-126409
2022-03-08	97671	-138413
2022-03-15	105856	-146560
2022-03-22	107446	-149337
2022-03-29	92762	-137411
2022-04-05	92647	-136611
2022-04-12	90221	-137549
2022-04-19	82113	-130006
2022-04-26	71391	-117380
2022-05-03	72861	-117706
2022-05-10	64006	-112529
2022-05-17	64340	-115012
2022-05-24	63847	-111570
2022-05-31	59679	-110368
2022-06-07	66419	-114342
2022-06-14	74310	-123485
2022-06-21	85977	-130869
2022-06-28	90840	-129419
2022-07-05	91950	-130519
2022-07-12	94195	-131603
2022-07-19	86699	-120323
2022-07-26	83028	-118290
2022-08-02	87596	-124973
2022-08-09	86734	-125419
2022-08-16	82862	-120911
2022-08-23	91329	-128610
2022-08-30	92463	-128765
2022-09-06	105802	-138638
2022-09-13	110794	-145715
2022-09-20	121308	-155711
2022-09-27	121135	-152124
2022-10-04	126046	-159096
2022-10-11	130099	-162103
2022-10-18	126760	-154734
2022-10-25	133397	-151766
2022-11-01	127501	-148653
2022-11-08	120222	-152308
2022-11-15	120830	-152114
2022-11-22	143275	-170925
2022-11-29	136191	-163429
2022-12-06	135606	-164037
2022-12-13	129960	-153681
2022-12-20	127749	-152756
2022-12-27	133066	-160602
2023-01-03	142142	-169813
2023-01-10	143506	-172503
2023-01-17	146418	-177219
2023-01-24	138482	-170972
2023-01-31	134013	-169214
2023-02-07	139318	-178094
2023-02-14	137182	-174182
2023-02-21	141515	-179264
2023-02-28	150946	-180913
2023-03-07	127530	-156399
2023-03-14	118147	-147833
2023-03-21	113440	-144681
2023-03-28	95382	-126197
2023-04-04	100737	-130485
2023-04-11	111181	-140895
2023-04-18	111893	-139986
2023-04-25	105774	-136150
2023-05-02	110906	-141289
2023-05-09	105694	-138828
2023-05-16	94944	-123975
2023-05-23	80837	-112278
2023-05-30	74969	-106170
2023-06-06	92364	-126852
2023-06-13	87119	-122981
2023-06-20	79735	-109315
2023-06-27	63581	-92800
2023-07-03	68313	-98775
2023-07-11	55554	-86755
2023-07-18	65084	-95762
2023-07-25	70972	-97121
2023-08-01	77946	-107021
2023-08-08	81717	-107843
2023-08-15	66755	-95183
2023-08-22	80014	-107337
2023-08-29	92195	-116339
2023-09-05	90716	-118279
2023-09-12	86523	-112044
2023-09-19	75273	-93919
2023-09-26	76596	-94159
2023-10-03	61763	-79200
2023-10-10	33460	-50659
2023-10-17	34199	-57326
2023-10-24	51221	-70272
2023-10-31	39924	-54652
2023-11-07	50358	-69970
2023-11-14	83245	-102627
2023-11-21	96557	-120259
2023-11-28	87193	-107889
2023-12-05	89350	-111079
2023-12-12	88022	-111617
2023-12-19	84529	-106518
2023-12-26	87925	-106120
2024-01-02	77649	-91647
2024-01-09	55002	-66147
2024-01-16	39539	-56508
2024-01-23	58391	-80581
2024-01-30	76254	-103183
2024-02-06	82686	-114231
2024-02-13	99480	-136557
2024-02-20	115544	-153872
2024-02-27	112195	-141553
2024-03-05	98488	-128748
2024-03-12	69911	-101493
2024-03-19	71906	-103595
2024-03-26	92359	-117273
2024-04-02	96030	-118730
2024-04-09	103254	-127897
2024-04-16	105768	-131875
2024-04-23	115011	-132478
2024-04-30	133024	-150233
2024-05-07	120578	-135768
2024-05-14	104743	-116632
2024-05-21	76866	-90095
2024-05-28	60795	-75423
2024-06-04	85489	-99665
2024-06-11	90751	-102758
2024-06-18	90836	-104085
2024-06-25	75440	-89262
2024-07-02	74459	-90288
2024-07-09	85587	-105472
2024-07-16	74200	-93534
2024-07-23	71419	-88351
2024-07-30	66745	-83137
2024-08-06	48544	-66340
2024-08-13	63254	-80770
2024-08-20	66914	-81253
2024-08-27	78388	-92205
2024-09-03	85351	-100293
2024-09-10	74435	-87605
2024-09-17	76072	-89576
2024-09-24	82482	-91497
2024-10-01	96588	-108994
2024-10-08	114610	-123558
2024-10-15	127136	-139378
2024-10-22	155837	-166185
2024-10-29	162932	-166173
2024-11-05	149324	-156448
2024-11-12	151700	-156119
2024-11-19	157678	-161049
2024-11-26	151709	-153392
2024-12-03	148512	-151623
2024-12-10	137722	-140579
2024-12-17	123843	-128201
2024-12-24	121502	-120276
2024-12-31	110904	-118073
2025-01-07	98616	-104767
2025-01-14	59975	-71583
2025-01-21	50766	-68461
2025-01-28	47768	-65042
2025-02-04	51841	-72198
2025-02-11	62322	-80532
2025-02-18	78750	-94616
2025-02-25	52459	-73783
2025-03-04	58695	-79144
2025-03-11	72267	-92990
2025-03-18	95766	-123043
2025-03-25	106547	-131909
2025-04-01	94401	-122615
2025-04-08	86872	-109180
2025-04-15	96122	-117126
2025-04-22	90086	-104142
2025-04-29	111043	-112398
2025-05-06	112635	-117165
2025-05-13	103654	-112079
2025-05-20	103343	-113902
2025-05-27	116102	-129102
2025-06-03	92182	-104896
2025-06-10	94840	-108482
2025-06-17	77933	-92518
2025-06-24	74781	-93816
2025-07-01	71879	-92846
2025-07-08	66935	-87791
2025-07-15	59278	-74050
2025-07-22	58808	-77600
2025-07-29	67984	-85753
2025-08-05	75583	-93765
2025-08-12	77214	-97046
2025-08-19	87462	-105088
2025-08-26	87825	-103946
2025-09-02	89212	-102776
2025-09-09	83316	-94547
2025-09-16	104419	-110944
2025-09-23	119742	-128084
2025-09-30	118294	-125200
2025-10-07	135936	-141961
2025-10-14	142531	-152113
2025-10-21	151847	-158779
2025-10-28	138860	-145296
2025-11-04	128127	-141539
2025-11-10	125536	-140029
2025-11-18	122658	-137719
2025-11-25	125147	-138403
2025-12-02	113085	-126479
2025-12-09	84718	-106479
2025-12-16	115907	-128037
2025-12-23	147597	-156320
2025-12-30	144624	-154894
2026-01-06	153914	-165559
2026-01-13	172844	-185601
2026-01-20	182060	-193490
2026-01-27	152767	-163606
2026-02-03	163456	-172310
2026-02-10	159442	-171865
2026-02-17	174798	-185812
2026-02-24	183181	-198519
2026-03-03	184360	-206422
2026-03-10	164172	-186856
2026-03-17	157406	-178029
2026-03-24	152748	-172607
2026-03-31	148428	-167456
2026-04-07	162087	-183987
2026-04-14	170912	-186888
2026-04-21	150316	-168315
2026-04-28	151035	-166273
2026-05-05	153150	-166646
2026-05-12	159243	-176306
2026-05-19	174224	-192196
2026-05-26	190178	-203181
2026-06-02	173913	-186115
2026-06-09	175738	-193957
2026-06-16	162754	-173476
2026-06-23	161767	-176689
2026-06-30	153940	-170803
2026-07-07	149504	-165307
2026-07-14	165528	-178612
2026-07-21	159102	-171138
2026-07-28	179664	-190799
2026-08-04	187214	-197546
2026-08-11	180677	-197135
2026-08-18	188326	-203503
2026-08-25	187737	-197932
2026-09-01	193432	-208911
2026-09-08	201126	-219767

NATGAS commercial and large speculator net positioning from Sep 21, 2021 to Sep 8, 2026, with a 10th-90th percentile band

Week

Commercial net

Large spec net

2021-09-21

100074

-140220

2021-09-28

105967

-146680

2021-10-05

96637

-133708

2021-10-12

91201

-130902

2021-10-19

86574

-131070

2021-10-26

96361

-138188

2021-11-02

93517

-137713

2021-11-09

98418

-142191

2021-11-16

98415

-144620

2021-11-23

97333

-137255

2021-11-30

93560

-132678

2021-12-07

99372

-132443

2021-12-14

99238

-130226

2021-12-21

109551

-141212

2021-12-28

115610

-146217

2022-01-04

110122

-141907

2022-01-11

95136

-122564

2022-01-18

86174

-118047

2022-01-25

97541

-124535

2022-02-01

90241

-120010

2022-02-08

85151

-115089

2022-02-15

99903

-131424

2022-02-22

95974

-130629

2022-03-01

90088

-126409

2022-03-08

97671

-138413

2022-03-15

105856

-146560

2022-03-22

107446

-149337

2022-03-29

92762

-137411

2022-04-05

92647

-136611

2022-04-12

90221

-137549

2022-04-19

82113

-130006

2022-04-26

71391

-117380

2022-05-03

72861

-117706

2022-05-10

64006

-112529

2022-05-17

64340

-115012

2022-05-24

63847

-111570

2022-05-31

59679

-110368

2022-06-07

66419

-114342

2022-06-14

74310

-123485

2022-06-21

85977

-130869

2022-06-28

90840

-129419

2022-07-05

91950

-130519

2022-07-12

94195

-131603

2022-07-19

86699

-120323

2022-07-26

83028

-118290

2022-08-02

87596

-124973

2022-08-09

86734

-125419

2022-08-16

82862

-120911

2022-08-23

91329

-128610

2022-08-30

92463

-128765

2022-09-06

105802

-138638

2022-09-13

110794

-145715

2022-09-20

121308

-155711

2022-09-27

121135

-152124

2022-10-04

126046

-159096

2022-10-11

130099

-162103

2022-10-18

126760

-154734

2022-10-25

133397

-151766

2022-11-01

127501

-148653

2022-11-08

120222

-152308

2022-11-15

120830

-152114

2022-11-22

143275

-170925

2022-11-29

136191

-163429

2022-12-06

135606

-164037

2022-12-13

129960

-153681

2022-12-20

127749

-152756

2022-12-27

133066

-160602

2023-01-03

142142

-169813

2023-01-10

143506

-172503

2023-01-17

146418

-177219

2023-01-24

138482

-170972

2023-01-31

134013

-169214

2023-02-07

139318

-178094

2023-02-14

137182

-174182

2023-02-21

141515

-179264

2023-02-28

150946

-180913

2023-03-07

127530

-156399

2023-03-14

118147

-147833

2023-03-21

113440

-144681

2023-03-28

95382

-126197

2023-04-04

100737

-130485

2023-04-11

111181

-140895

2023-04-18

111893

-139986

2023-04-25

105774

-136150

2023-05-02

110906

-141289

2023-05-09

105694

-138828

2023-05-16

94944

-123975

2023-05-23

80837

-112278

2023-05-30

74969

-106170

2023-06-06

92364

-126852

2023-06-13

87119

-122981

2023-06-20

79735

-109315

2023-06-27

63581

-92800

2023-07-03

68313

-98775

2023-07-11

55554

-86755

2023-07-18

65084

-95762

2023-07-25

70972

-97121

2023-08-01

77946

-107021

2023-08-08

81717

-107843

2023-08-15

66755

-95183

2023-08-22

80014

-107337

2023-08-29

92195

-116339

2023-09-05

90716

-118279

2023-09-12

86523

-112044

2023-09-19

75273

-93919

2023-09-26

76596

-94159

2023-10-03

61763

-79200

2023-10-10

33460

-50659

2023-10-17

34199

-57326

2023-10-24

51221

-70272

2023-10-31

39924

-54652

2023-11-07

50358

-69970

2023-11-14

83245

-102627

2023-11-21

96557

-120259

2023-11-28

87193

-107889

2023-12-05

89350

-111079

2023-12-12

88022

-111617

2023-12-19

84529

-106518

2023-12-26

87925

-106120

2024-01-02

77649

-91647

2024-01-09

55002

-66147

2024-01-16

39539

-56508

2024-01-23

58391

-80581

2024-01-30

76254

-103183

2024-02-06

82686

-114231

2024-02-13

99480

-136557

2024-02-20

115544

-153872

2024-02-27

112195

-141553

2024-03-05

98488

-128748

2024-03-12

69911

-101493

2024-03-19

71906

-103595

2024-03-26

92359

-117273

2024-04-02

96030

-118730

2024-04-09

103254

-127897

2024-04-16

105768

-131875

2024-04-23

115011

-132478

2024-04-30

133024

-150233

2024-05-07

120578

-135768

2024-05-14

104743

-116632

2024-05-21

76866

-90095

2024-05-28

60795

-75423

2024-06-04

85489

-99665

2024-06-11

90751

-102758

2024-06-18

90836

-104085

2024-06-25

75440

-89262

2024-07-02

74459

-90288

2024-07-09

85587

-105472

2024-07-16

74200

-93534

2024-07-23

71419

-88351

2024-07-30

66745

-83137

2024-08-06

48544

-66340

2024-08-13

63254

-80770

2024-08-20

66914

-81253

2024-08-27

78388

-92205

2024-09-03

85351

-100293

2024-09-10

74435

-87605

2024-09-17

76072

-89576

2024-09-24

82482

-91497

2024-10-01

96588

-108994

2024-10-08

114610

-123558

2024-10-15

127136

-139378

2024-10-22

155837

-166185

2024-10-29

162932

-166173

2024-11-05

149324

-156448

2024-11-12

151700

-156119

2024-11-19

157678

-161049

2024-11-26

151709

-153392

2024-12-03

148512

-151623

2024-12-10

137722

-140579

2024-12-17

123843

-128201

2024-12-24

121502

-120276

2024-12-31

110904

-118073

2025-01-07

98616

-104767

2025-01-14

59975

-71583

2025-01-21

50766

-68461

2025-01-28

47768

-65042

2025-02-04

51841

-72198

2025-02-11

62322

-80532

2025-02-18

78750

-94616

2025-02-25

52459

-73783

2025-03-04

58695

-79144

2025-03-11

72267

-92990

2025-03-18

95766

-123043

2025-03-25

106547

-131909

2025-04-01

94401

-122615

2025-04-08

86872

-109180

2025-04-15

96122

-117126

2025-04-22

90086

-104142

2025-04-29

111043

-112398

2025-05-06

112635

-117165

2025-05-13

103654

-112079

2025-05-20

103343

-113902

2025-05-27

116102

-129102

2025-06-03

92182

-104896

2025-06-10

94840

-108482

2025-06-17

77933

-92518

2025-06-24

74781

-93816

2025-07-01

71879

-92846

2025-07-08

66935

-87791

2025-07-15

59278

-74050

2025-07-22

58808

-77600

2025-07-29

67984

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