And what that means is that during the summertime, typically it’s pretty weak, although we did recently see a spike higher due to a massive heat wave. Well, that’s come and gone. So, at this point, the next major spike will, unless there is a massive heat wave again, probably be the fall season when Americans start to heat their homes with natural gas again. Remember, this is an American contract you are trading. It’s not European.

Joe Biden signed an executive order not too awfully long ago in the last couple of years, which bans quite a bit of exporting of liquefied natural gas, not all, but quite a bit. So that’s why Europeans don’t get as much relief from the United States as you would expect. That is expected to be lifted into Donald Trump administration. And if that’s the case, it will massively change the dynamics of this market.

But as things stand right now, it is almost solely a domestic market. So, by all means, keep an eye on the US if you want to know what’s going on here. I use it as something to trade cyclically via ETF. If you don’t have the ability to trade an ETF, a very small CFD swing position is possible here, obviously to the upside, but you have to be willing to just let it go. It’s going to have to last probably a couple months to realize its full potential.

For a look at all of today’s economic events, check out our economic calendar.