The first trading session of the new week is marked by a large drop in natural gas prices in the USA (NATGAS). At press time, the commodity is trading at about 5%. Prices are trading under pressure after new forecasts pointed to above-average temperatures in the United States in the near future. In addition, high-quality products are the result of a long-term upward movement. For the first time since 2009, the capacities in Europe are 99.5% full.
Natural gas reserves in Europe have been 99.5% full since 2009. The compositions are above average even in the published list. Source: Bloomberg
You temperatures forecast for the United States in five 14 days so increase the pressure on the NATGAS market today. Source: Bloomberg Finance LP
NATGAS is trading about 5% no and testing lows since 25th Jan. Source: xStation5
X-Trade Brokers
X-Trade Brokers (XTB) is an international brokerage house that provides professional conditions for trading CFDs on forex, indices, commodities, cryptocurrencies and for investing in shares and ETFs. He is constantly improving his services, which is evidenced by a number of international awards and this is also confirmed by the domestic award of Broker of the Year and Forex Broker of the Year, which was repeated at the MoneyExpo Investment Summit. For its clients, XTB offers professional trading platforms MetaTrader 4 and xStation 5 with an integrated calculator, free extension, 24-hour customer support, free extension and daily news from the financial markets.
The distribution of contracts are complex tools and due to the use of financial leverage, they are associated with a high risk of rapid financial loss. In the case of 72% of the retail investors, the trading with installment contracts with this provider resulted in a loss. You should make sure you understand how the installment contract works and whether you can afford the high risk of losing your funds.
Tags: NATGAS trading session week marked big drop natural gas prices
-
