FreshForex analysts have revealed the secret of how traders can make money during this period.

FreshForex experts recommend traders pay attention to natural gas (GAS), the price of which has been following a bearish trend since the beginning of January 2024, almost halving from $3.3 to $1.7.

However, in order to make a profit, the analysts recommend sticking to a strategy of short positions and closely monitoring the factors that influence the price of the asset.

They cited some factors that could impact the natural gas market:

- Lower demand for natural gas due to mild weather;

- Concerns about oversupply as a result of gas production cuts by Chesapeake and EQT and a 9 bcm decline in gas inventories have not yet impacted the market;

- A cut in the Department of Energy's 2024 US gas consumption forecast;

- The Joe Biden administration's pause on new gas projects to expand LNG production in the US.

Experts point out that total gas reserves are 37% above the average of the last 5 years and 14% above the previous 5-year high, which means that the situation may change only by summer, when reserves will approach usual levels.

At the same time, prices may change sharply in the event of an abnormal heat wave or other unexpected circumstances that contribute to increased demand.

FreshForex reminds that it has the most favorable conditions for the GAS asset: a spread starting at $1.51 and a margin of only $0.69 for the minimum deal of 0.01 lot.