January natural gas prices have taken a slightly higher track this morning following a disappointing December contract expiration and moderating near term weather forecasts yesterday. The Commitments of Traders Futures and Options report as of November 22nd showed non-commercial traders were net short 169,353 contracts, a decrease of 11,832. Non-commercial and nonreportable traders combined held a net short position of 150,124 contracts, a decrease of 5,300 in their net short positioning.
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