The funds of Hedge were slashed on the rising natural gas to the low level for the present year. The gas fuel price like last year may be the same as last year which slided 19% in August. The slide of the gas may be due to the hurricane season in the Gulf of Mexico.Many large speculators and Hedge has cut their bullish bet in the week end by 23%. The report of the gas bets was given by Commodity Futures Trading Commission.
The month of August saw natural gas decline about 13%dropping to$4.303 per million. The gas markets this year were being retreated by the investors as the prices fell by 22%. The record will be high by October says many forecasts as the demand for the fuel will recover. The price last year significantly fell by $4 and will increase as consumer confidence hovers again.
The overall economy is is having trouble and is recovering slowly and growing says Andy Lipow who is a president of oil consultancy. The short bets from Hedge and other speculators will be profited says Andy. Natural gas markets has seen big losers and big winners but at present the market is vulnerable.