What changed
FUNDS PARE US GAS NET SHORT BETS FROM 18-MONTH HIGH
MANAGED MONEY REDUCED ITS NET SHORT POSITION IN HENRY HUB FUTURES AND OPTIONS ON JUNE 2 FROM THE HIGHEST LEVEL IN 18 MONTHS. THE 19,374-LOT DECLINE WAS SOME 51% OF THE 37,815-LOT RISE A WEEK EARLIER. THE SHIFT WAS DRIVEN BY A DECREASE IN SHORT WAGERS AND A RISE IN LONG BETS. ON THE OTHER SIDE OF THE TRADE, COMMERCIALS AND OTHER REPORTABLE TRADERS INCREASED THEIR NET SHORT STAKES BY 11,822 AND 1,566 LOTS. SIMILARLY, SWAP DEALERS TRIMMED THEIR N