Mass Traders Go Long
August 09, 2021
Non-commercial traders of ISO NE MASS HUB Day Ahead Peak options and futures made a move last week. The latest CFTC Commitments of Traders report has this class of trader reporting overall net long positions of 2,661 contracts, or 2,138,800 MWh. It is the most bullish position of these traders since 1/12/2021. One year-ago this same week, these traders were overall short by 816 contracts or 652,880 MWh. Non-commercial traders tend to be hedge funds and large financials. Futures prices tend to positively correlate with their positions.