Pepperstone Releases New Commodity Pair
Posted on: 22 January 2015, by: Pepperstone Support, category: Pepperstone Company News
Pepperstone has released an exciting new commodity pair for all traders: Natural Gas – symbol XNG/USD
Natural Gas is an energy commodity that is affected by factors such as unexpected weather related demand, fossil fuel prices as well as supply issues. Not as readily portable as Oil, gas markets are fragmented and localized economic factors can cause diverging prices in different regions. XNG/USD is based on US Natural Gas, and is driven by global factors as well as those that affect only the US market.
In recent years US natural gas has been fairly volatile, tripling from $2 to over $6 per MMBTU between 2012 and 2014, before crashing spectacularly back down to below $3 early this year. An unusually cold winter in early 2014 showed the effect that weather can have on this commodity as demand squeezed prices higher; with falling oil prices and a mild winter this year, the price has fallen to the lower end of its recent trading range.
To start trading Natural Gas now in your MT4 Platform, simply right-click on Market Watch panel and select ‘Show All’ – look for the XNG/USD to begin.