there's the mini ng contract which is only 1/4 the size of the big one. http://www.cmegroup.com/trading/energy/natural-gas/emini-natural-gas_contract_specifications.html if you don't want to trade futures for the love of God don't trade ung b/c of the contango issue. beneficiaries could be chemical cos b/c they use a lot of it but the correlation isn't exactly 1-1.
Handle123's obviously got it right I did two demo cfd Sell trades, one crude the other ng and got creamed by both, in my defence I didn't analyze them first, just eyeballing the price formations because I'd just started a B&H exercise in several instruments, I usually daytrade euro only anyway, weather's got nothing to do with long term speculation and ng's been a Major Buy since this time last year. the test will first be the $5 level and then the $6 level which if the price breaks it, could see the price go a Long way - UP
Haven't heard anything further about the flash maybe look around Cftc web site The big money in nat gas is the spreads strips locational basis
Spread such as march/April Strip like a curve April thrum october Locational such as Texas vs. New England
elite trader handle named "bone" does a servie for people looking at relative value in energy check it out... i mean that the "price" is played in a mojor way in the following: buy march sell april contract 1:1 strip ( shape or convexity) of the cantango/backwardation in anticipation of the curve moving in such a way front three months go up but slower that back three months in a 6 month "strip" of contracts I.E. April- Oct" Basis: differnce in cost widening in relation to one another sell texas buy new york, somthing like that, could even be texas vs. california, there are many points, I think the CME lists a lot if not all of the supposed liquid ones