Big money moving natural gas

Market Pulse for March 19

COT Data

Now take a good look at the COT Disaggregated Report. See how Managed Money started a bull posture back in February by liquidating net shorts from -82,685 contracts on Feb. 22 to -67,690 contracts on March 1. Two more reports and we see last week that Managed Money is now net long 1,462 contracts. Swap Dealers through this time were liquidating net longs.

Looking back on the report you can see what this action by Managed Money did to the price action of NG. And the cold first day of Spring here in Chicago should also help push up NG.

COT report

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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