The Intercontinental Exchange (ICE) has announced plans to extend the trading hours for its European gas and power futures. This move aims to align with the 22-hour trading cycles of the U.S. Henry Hub and JKM (Japan Korea Marker) markets. By doing so, ICE intends to enhance trading flows between Europe, the United States, and Asia, offering traders more opportunities to manage risks in the volatile gas markets. The contracts will be priced in USD/MMBtu, facilitating traders in hedging against market fluctuations. Notably, over 103 million Dutch TTF gas contracts have been traded on ICE this year, highlighting the robust activity in this sector.
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In terms of recent price movements, Natural Gas (CM:NG) has experienced a 5.99% decline over the past month. The 1-day technical analysis indicates a Hold signal for this asset. Meanwhile, Oil – US Crude (CM:CL) has seen a 3.37% decrease in the same period, with a current 1-day technical signal suggesting a Sell. Investors can explore more updates, prices, and analysis across global markets at Commodities.