19 March 2024
Since the beginning of January 2024, the price of natural gas (#GAS) has been steadily following a bearish trend, nearly halving from $3.3 to $1.7!
FreshForex analysts continue to adhere to a short position strategy, and here are several factors influencing the current situation:
Have price lows been reached, and is it time to buy, or will the #GAS contract continue to decrease in value?
Since the total gas reserves are 37% above the five-year average and 14% exceed the previous five-year maximum, experts believe that the situation may only change by summer when reserves approach normal levels.
However, a sharp price change may occur suddenly in the case of extreme heat or other unexpected circumstances that contribute to increased demand.
Keep an eye on the market and ignite your #GAS trades with FreshForex under the most favorable conditions - spreads from $1.51 and margin as low as $0.69 for a minimum trade of 0.01 lot!
If you have any questions, don't hesitate to contact us:
Good luck in trading!
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