The price of natural gas is influenced by multiple factors:
Effective trading starts with solid research. Utilizing charts provided by brokers like Plus500, setting them according to your trading needs, and using technical indicators like Fibonacci are essential steps.
Historical price analysis is crucial. For instance, significant price movements were observed in 2012, which lasted nearly two years.
Trading natural gas involves understanding market specifics and employing strategies suitable for both high volatility and market consolidation periods.
Monitoring the USD value and oil prices is crucial as these factors are closely tied to natural gas prices.
Natural gas offers unique opportunities for day and swing traders due to its price volatility and market dynamics.
Combining fundamental and technical analysis can optimize trading strategies. Understanding market seasonality and geopolitical influences is key.
Trading times vary by market; for instance, the CME trades natural gas from Sunday to Friday from 6:00 pm to 5:15 pm ET, and the ICE from 23:00 to 22:00 GMT.
The symbol 'NG' is used for natural gas futures contracts on both the CME and NYMEX.
Factors such as seasonality, weather conditions, and geopolitical tensions play significant roles in the pricing of natural gas.
Investing in natural gas through futures requires a high margin; trading through CFDs might be a more accessible option for many traders.