Natural Gas (NG) – Knowledge
Specs • Seasonality • Storage • COT • Reports • Producers • Trading notes
1️⃣ Contract Specifications
| Exchange / Symbol | NYMEX (CME) / NG (Henry Hub) |
|---|---|
| Contract Size | 10,000 MMBtu |
| Tick Size | $0.001/MMBtu = $10 per contract |
| Point Value | $0.01 = $100 |
| Months | All listed |
| Settlement | Physical (Henry Hub, LA) |
| Trading Hours | Globex ~23h; Peaks US-Morgen & Storage-Release. |
2️⃣ Seasonality & Storage Cycle
- Winter (Nov–Mar): Heating demand → Withdrawals
- Sommer (Apr–Oct): Injection season; Hitzewellen (Power burn) → Nachfrage-Spikes
3️⃣ Storage & Flows
- EIA Storage Report (Do) steuert kurzfristige Volatilität
- LNG-Exports (Sabine Pass etc.) & Wetter-Modelle (ECMWF/GFS)
4️⃣ COT Insights
- Funds stark trend-/wettergetrieben
- Extremfilter: COT Index > 85 / < 15
5️⃣ Key Reports & Events
- EIA Natural Gas Storage (wöchentlich, Do)
- NOAA/ECMWF Wetter-Updates (Heating/Cooling Degree Days)
- Pipeline/Maintenance-Notices, LNG Feedgas
6️⃣ Producers / Basins
- Marcellus/Utica (Appalachia), Permian (associated gas), Haynesville
- Exports: LNG (US → EU/Asien) als Preistreiber
7️⃣ Costs & Market Drivers
- Wetter, Storage Abweichungen von 5-Jahres-Band
- LNG-Kapazitäten, Pipeline-Bottlenecks
8️⃣ Correlations & Proxies
- Power demand, Coal-Switching
- ETFs/CFDs: UNG (Vorsicht Roll), NatGas-CFDs
9️⃣ Trading Notes / My Take
NG ist wettergetrieben & extrem volatil. Ich trade kleiner, fokussiere Storage-Überraschungen, Wetter-Regimewechsel und COT-Extreme.
Disclaimer: Educational only; Details beim Broker verifizieren.