​Goldman Says “Short CTA/Positioning Unwinds” Behind NatGas Futs Spike – Tyler Durden

Goldman Says “Short CTA/Positioning Unwinds” Behind NatGas Futs Spike A few days after Goldman’s Thomas Evans advised clients to “keep pressing shorts” on natural gas through December, the NatGas futures market in New York exploded Thursday, spiking up to 10%. Another Goldman analyst wrote on Friday morning that the magnitude of this surge signals “short CTA/positioning unwinds.” The price surge may have been sparked by a new cold weather forecast for the Lower 48 and or reports of multiple outages stretching from Norway to the US, heightening concerns about a market tightening ahead of the Northern Hemisphere winter.  On Thursday, NatGas futures spiked as much as…  — Continue at ZeroHedge News : Read More