Heroes of Tomorrow 🤑
1. NATGAS (Natural Gas)
What it is: A contract for the price of natural gas.
Essence: One of the most volatile assets in the world. Its price heavily depends on the weather, political conflicts, and the level of reserves in storage. For traders, it's a pure "roller coaster."
2. BZ (Brent Crude Oil)
What it is: Brent crude oil.
Essence: A benchmark grade of oil, by which prices for 2/3 of global reserves are set. It is the main indicator of the state of the global economy. If the world is unstable (especially in the Middle East), Brent starts to "shoot up" in price.
3. CL (WTI Crude Oil)
What it is: WTI (West Texas Intermediate) crude oil.
Essence: The main grade of oil for the USA. It usually trades slightly cheaper than Brent.
Why is this interesting?
Traditionally, crypto traders lived in their own vacuum, while oil traders lived in theirs. Now Binance provides the opportunity:
Hedge: If you are afraid that due to rising energy prices the stock market or crypto will fall, you can open a position here.
Trade on geopolitics: Now news about tankers and OPEC+ can be turned into profit right in the familiar Binance app.
$NATGAS $BZ $CL