NATURAL GAS
Trade US Natural Gas Spot CFDDiscover US Natural Gas price in real-time with our live chart
Natural gas is a vital fuel, it currently supplies 22 per cent of the world's energy. Widely used for both commercial and industrial purposes, it is often chosen as an investment option by international investors seeking true asset class diversification in their portfolio.
According to the historical natural gas price chart, the commodity reached a record low of $1.04 in January 1992 and a record high of $15.78 in December 2005.
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Today, natural gas is considered one of the cleanest and safest fossil fuels available. It’s certainly a much more environmentally-friendly option than coal or petroleum. In the age of environmentalism, these unique properties of the commodity make it a popular energy choice. Consequently, investment in natural gas has increased in recent years.
Natural gas is used across the globe as an effective and inexpensive fuel for a variety of applications, from heating to cooking and in the generation of electricity. Every year, the world’s largest countries extract billions of cubic metres of the commodity.
Since the 2008 shale boom the United States has dominated the market as the world’s largest producer of natural gas. Today, the country operates over 900 public gas systems. Other major producers include Iran, Canada, Qatar, China and Russia, which supplies gas to Germany and the majority of Eastern Europe.
Natural gas is unique among commodities as its supply often does not meet the demand. Known as “seasonal mismatch,” demand is the highest and typically exceeds supply during the winter, while in summer months, demand is lower than the available supply.
Even small changes in the demand or supply of natural gas can cause significant price fluctuations. The price highly depends on the production process, weather conditions, economic growth, storage supplies and substitutes, such as hydroelectric, wind and solar power.
Discover the latest natural gas price today and trace the historical value of the commodity over the years with Capital.com’s natural gas chart.
Weekly analysis on NG by ThinkinAntsOkToday we will focus on the Weekly chart on Natural Gas. Use this as a guide to develop your view of the chart:
Main items we can see:
a)Currently, the price is on a massive support zone
b)In 2012 and 2016 we observed massive reversal movements on the area between 1.90 and 1.60
c)If we are thinking about developing long setups, we have a good filter that has worked on previous situations
d)First, we need a clear breakout of the descending trendline / Second, we need a corrective movement / If that happens, the setup will be ready to trade.
e)This is a Swing view, which means that it requires patience to wait for the expected formation.
f) We will not develop short trades unless there are clear signs that the support zone is broken.
Natural Gas (up or down) Pick your poisonIn my own opinion, since Natural Gas first landed on the market in 2004, it has 1 all time low at 1.574, which is lower than 2004 and since then we have never tested this bottom again. I think with news of coronavirus, it is the perfect opportunity for this level to be tested and i think it will go much further down creating a new low for natural gas.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk