Hedge Funds Increasingly Bullish On Natural Gas

Hedge Funds are still shorting Natural Gas according to the latest Societe Generale SA (EPA:GLE) report on their movements. That trend is slowing however and it has been slowing since at least the start of this year. The commodity is slowly recovering from the terrible outlook it has wallowed under for the last year.

According to the SG index net short positions have fallen on natural gas from -38 three weeks ago to -25 in the report published yesterday. At the beginning of the year the report puts the net short position of gas at -80. There is trend toward positivity...