Natural Gas Prices Poised for Further Decline Amid Hedge Fund Short Positions

Natural gas prices are expected to decline further as hedge funds remain net short on the commodity. In June, an analyst predicted that natural gas prices would start falling.

According to data, retail traders are still net long on natural gas, indicating that they are holding onto losing positions. This may lead to a further unwinding of long positions as producers and leveraged funds continue with short hedging.

A potential decline of -12% is likely over the next few days or weeks, according to the analyst's prediction.