Did you know natural gas prices can swing 30% in a single month? That’s like your grocery bill suddenly costing $130 instead of $100—except traders can profit from those wild moves. This energy powerhouse fuels everything from stovetops to power plants, making it a volatile yet lucrative market for modern investors.
Choosing the right platform is like picking the perfect road trip car. You wouldn’t take a scooter up a mountain pass, right? We’ve tested dozens of services to find those offering tight spreads, 24/7 trading windows, and tools that turn complex data into actionable insights. Some even let you practice with demo accounts first—like test-driving before buying.
Why does this matter now? Global energy shifts and weather patterns are creating historic opportunities. But without proper leverage management or real-time charting? It’s like trying to bake a soufflé in a toaster oven. Our guide cuts through the noise, highlighting platforms with Swiss-level security and features that adapt to your strategy—whether you’re day-trading or playing the long game.
Key Takeaways
- Market volatility creates unique profit opportunities in energy markets
- Top platforms offer leverage up to 1:10 for amplified positions
- 24/7 trading availability matches global energy market hours
- Demo accounts help refine strategies risk-free
- Regulatory compliance ensures secure trading environments
- Platforms vary in educational resources and contract flexibility
Introduction to Trading Natural Gas in 2025
While you’re adjusting your thermostat, Wall Street’s adjusting positions in one of next year’s most dynamic markets. Natural gas isn’t just keeping lights on—it’s becoming the backbone of energy transition strategies worldwide. Let’s unpack why your first move matters more than ever.
Overview of the Natural Gas Market
The U.S. pumps out a quarter of global supply—enough to fill 300 Olympic pools daily. But here’s the kicker: Henry Hub pricing (that Louisiana benchmark you’ve heard about) now dances to three drummers—weather disasters, factory output, and green energy investments.
Modern platforms let you start with a minimum deposit as low as $100. That’s like buying front-row seats to the energy revolution for the price of a steak dinner. But choose wisely—some brokers offer CFD flexibility while others lock you into futures contracts.
Why 2025 is a Pivotal Year
Renewables are the new prom king, but gas remains the reliable date that drives them home when the sun dips. Next year’s net-zero deadlines create a perfect storm: utilities hoarding reserves while solar farms battle cloudy days.
We’re seeing platforms slash minimum deposit requirements by 40% compared to 2022. Why? They want your stake in what analysts call “the great volatility harvest.” Just remember—cheap entry doesn’t mean cheap risks. One LNG tanker delay could swing prices harder than a Tesla stock tweet.
Traders who nailed 2022’s European crisis made 18x returns. 2025’s playbook? Watch Asian manufacturing rebounds and hurricane forecasts like they’re playoff scores. The game’s changing—but the stakes? Those keep rising.
Understanding Natural Gas as a Trading Commodity
Flip a light switch today? You just tapped into the same energy markets where fortunes shift faster than TikTok trends. Natural gas isn’t just pipelines and power plants—it’s a living, breathing asset that dances to its own chaotic rhythm. Think of it like your gym membership: prices surge when everyone’s cranking the AC in July, then crash when autumn leaves start falling.
What Moves the Needle?
Three forces rule this jungle: weather tantrums, storage math, and geopolitical drama. A cold snap in Texas? That’s Black Friday for heating demand. Storage levels dipping below 20%? Cue the panic-buying memes. And when LNG tankers reroute mid-ocean? It’s like your Uber driver taking a scenic detour—except with billion-dollar consequences.
Here’s where brokers earn their keep: Smart ones act like storm chasers, equipping traders with real-time storage reports and hurricane trackers. Ever seen a futures contract? It’s basically a concert ticket that locks in today’s price for next month’s show—handy when you suspect the band (read: market) is about to go viral.
Green Pressure, Golden Opportunities
Renewables are elbowing into the energy party, but gas still owns the aux cord. Why? Solar panels nap at night, and wind farms get stage fright during calm weather. Meanwhile, factories from Detroit to Delhi guzzle gas like iced coffee—creating a rollercoaster of supply crunches and gluts.
CFDs let you ride these waves without owning a single molecule. Picture fantasy football, but instead of drafting quarterbacks, you’re betting on pipeline pressures. Just remember: leverage works both ways. A 1:10 margin might amplify gains, but one geopolitical tweet can vaporize profits faster than a Snapchat story.
Bottom line? This market rewards the nimble and punishes the sleepy. Arm yourself with a broker who speaks both technical charts and human—preferably one who’s survived at least two polar vortexes.
Overview of Trading Instruments for Natural Gas
Ever watch water boil? That’s natural gas markets in a pot—bubbling with contracts ready to steamroll your portfolio. Your weapon of choice here isn’t just about guts; it’s about matching your strategy to the right financial blade.
Futures Contracts and Their Benefits
Think of futures as concert tickets locking in today’s price for next month’s show. The CME’s Henry Hub contracts let you bet on winter storms or heatwaves without storing gas in your backyard. Why traders love these:
Instrument | Contract Size | Leverage | Best For |
---|---|---|---|
Futures | 10,000 mmBtu | 1:10 | Long-term hedging |
Options | Flexible | Premium-based | Risk-capped speculation |
ETFs | Varies (e.g., UNG) | None | Passive exposure |
Spot CFDs | Per lot | 1:10 | Day trading |
Futures dominate 63% of trades—liquidity means you won’t get stuck holding expired contracts. But they’re like sous vide cooking: precise timing required.
Options, ETFs, and Spot Trading
Options are your “maybe” buttons. Pay a premium today to secure prices tomorrow—perfect when hurricane forecasts look sketchy. ETFs? They’re buffet plates: UNG bundles futures so you avoid single-contract heartburn.
Spot trading through CFDs is where the action heats up. Real-time prices, no delivery hassles. One platform’s demo account let users simulate LNG tanker delays—because nothing teaches volatility like digital disasters.
Modern platforms outshine old-school interfaces with hurricane trackers built into charts. One broker’s app flashes storage reports faster than TikTok trends. Choose tools that match your rhythm—swing traders need different beats than scalp traders.
How to Choose a Forex Broker for Natural Gas Trading
Picking a platform is like applying for a credit card—some dazzle with shiny perks while others quietly protect your financial health. Let’s cut through the marketing fog.
Your Financial Seatbelt
Regulation isn’t just red tape—it’s your crash helmet in a demolition derby. Top-tier oversight from bodies like the FCA or ASIC means brokers must:
- Keep client funds in segregated accounts (no mixing with house money)
- Provide negative balance protection—your losses can’t exceed deposits
- Submit to regular audits like a restaurant health inspection
Pepperstone and eToro wear multiple regulatory badges—think of it as having airbags from different manufacturers. Unregulated platforms? They’re the financial equivalent of riding a motorcycle without a helmet.
The Fee Minefield
That “commission-free” claim might hide more traps than a jungle temple. Real costs lurk in:
Broker | Spread | Overnight Fee | Inactivity Charge |
---|---|---|---|
Platform A | 0.5 pips | $4.20/day | $15/month |
Platform B | 1.2 pips | Free weekends | None |
See how Platform B’s wider spread could cost more than Platform A’s commissions? It’s like choosing between a hotel resort fee and à la carte pricing—do the math for your trading frequency.
Pro tip: Demo accounts reveal hidden costs better than terms-of-service fine print. One trader discovered $200/month in “data fees” that weren’t advertised—like finding parsley priced as steak.
Best Forex Brokers for Trading Natural Gas: Our Top Picks
Not all platforms are created equal—some shine in storms while others fizzle under pressure. We’ve tested services that balance razor-sharp tools with user safety nets, filtering out the noise so you don’t have to. Here’s how today’s leaders stack up when energy markets get jumpy.
Comparison Metrics and Key Features
Think of spreads as highway tolls—you pay them every trip. Our top contenders keep these costs lean:
Platform | Avg Spread | Max Leverage | Account Options | Special Perks |
---|---|---|---|---|
Forex.com | 0.8 pips | 1:50 | ECN, Standard | Free storm alerts |
OANDA | 1.1 pips | 1:50 | Premium, Core | AI trade journals |
Ventorus | 0.5 pips | 1:400 | Pro, Micro | 24/7 chat support |
Notice how leverage varies wildly? Ventorus amps positions like a concert speaker—powerful but risky. Forex.com’s 1:50 ratio acts more like noise-canceling headphones: controlled yet effective.
Highlights from Broker Reviews
Users praise Forex.com’s 50ms order execution—quicker than a microwave ping. One trader noted: “Their hurricane impact forecasts predicted the March 2025 price spike three days early.”
OANDA’s educational hub gets top marks, with 82% of beginners rating their video tutorials “clearer than a Netflix doc.” But watch fees—their inactivity charge bites harder than a forgotten gym membership.
Pro tip: Demo accounts reveal quirks screenshots don’t. Ventorus’s high leverage looks tempting, but their 3.5% withdrawal fee stings if you cash out often. Choose tools that fit your rhythm, not just your FOMO.
Review: Best Forex Brokers for Trading Natural Gas
Brokers are like weather forecasters—some nail the storm predictions while others get caught in the rain. Let’s unpack how top services handle commodities that swing harder than a pendulum at a theme park.
Execution Speeds & Fee Faceoff
AvaTrade’s mobile app executes orders faster than a barista during rush hour—0.3 seconds average. But their weekend spreads? Those widen like a yoga stretch. Compare that to Pepperstone’s razor-thin 0.5 pip margins on natural gas CFDs, perfect for scalpers watching energy markets like hawks.
Platform | Avg Spread | Overnight Fee | Hidden Quirk |
---|---|---|---|
Vantage | 0.7 pips | $3.10/day | Free OPEC reports |
Markets.com | 1.1 pips | None | Geopolitical risk scores |
IC Markets | 0.4 pips | $4.80/day | Scalping tools |
Notice IC Markets’ spread ninja skills? That’s 40% tighter than industry averages. But their overnight fees bite harder than a neglected Netflix subscription. Vantage shines with real-time storage data—like getting a text when your ex’s storage unit goes up for auction.
Real-World Stress Tests
When LNG prices spiked 22% last March, Pepperstone’s servers handled 18,000 trades/minute without hiccups. One user reported: “Their hurricane impact models predicted the surge before my weather app.” Meanwhile, Markets.com’s volatility alerts helped traders dodge a 15% price drop during pipeline repairs—proving reliable execution beats flashy interfaces.
Pro tip: Demo accounts reveal quirks faster than a first date. Test how platforms handle limit orders during news events—does your stop-loss hold up like a bouncer, or fold like a lawn chair?
Trading Platforms and Tools for Natural Gas Markets
Imagine your smartphone transforming into a Wall Street command center—that’s modern platforms in your pocket. These digital Swiss Army knives slice through market noise with precision tools, whether you’re tracking pipeline flows or hurricane paths.
Advanced Platform Features
MT5 acts like a financial MRI machine, revealing market layers through:
- Depth of Market displays showing real-time buy/sell pressure
- Customizable algorithms that trade while you sleep (no coffee needed)
- Storm tracker overlays on price charts—weather meets technical analysis
TradingView’s social features let you crowdsource ideas like Reddit, while proprietary apps from top services offer AI-powered storage forecasts. One user raved: “Their LNG shipment delay alerts pinged my phone before Bloomberg headlines.”
Platform | Standout Feature | Best For |
---|---|---|
MT5 | Hedging tools | Multi-contract strategies |
TradingView | Community ideas | Visual learners |
Proprietary Apps | Risk simulators | Retail traders |
Mobile Trading and Third-Party Integrations
Today’s apps let you adjust options positions while waiting in line for coffee. Pepperstone’s mobile interface includes:
- Swipe-to-trade gestures (left for sell, right for buy—Tinder style)
- Push notifications for EIA reports
- Voice commands for hands-free trading
Third-party tools supercharge your analysis. Connect Trading Central’s signals to execute trades automatically when resistance breaks—like having a robot copilot. One trader compared it to “Waze for energy markets,” rerouting strategies around traffic jams.
Pro tip: Test platform customization options. Can you create a dashboard that shows weather maps alongside retail trader sentiment? Your ideal setup should feel as personal as your Spotify playlist.
Minimum Deposit Requirements and Account Types
Ever tried buying concert tickets with Monopoly money? That’s what trading feels like when your account doesn’t match your strategy. Modern platforms let you start with pocket change—Pepperstone asks $0 upfront, while FOREX.com’s $100 minimum is like reserving a dinner table instead of buying the whole restaurant.
Commission-Free versus Commission-Based Accounts
Commission-free trading works like an all-inclusive resort—you pay one price but might get watered-down cocktails. FP Markets’ Standard account charges wider spreads (1.0 pips), while their Raw account offers razor-thin 0.0 pips plus $3 commissions. Here’s the kicker: High-frequency traders save more with commission models, while casual investors prefer predictable costs.
City Index’s spread-only option shines for swing traders holding positions overnight. But day traders? They’d pick IG’s volume-based pricing faster than kids grab Halloween candy. Always check for “invisible fees”—some platforms charge $15/month inactivity fees if you don’t trade enough.
Tailoring Accounts to Trader Profiles
Your account type should fit like customized sneakers. Beginners love XTB’s $500 starter pack with 1:20 leverage—enough oomph without face-plant risks. Pros flock to Saxo Bank’s $5,000 VIP tier for institutional-grade instruments, though it’s like needing a pilot’s license to fly a paper plane.
Roboforex’s $10 micro accounts let you test strategies with coffee money. Meanwhile, CMC Markets’ Islamic accounts remove swap fees—perfect for traders avoiding overnight interest. The best platforms offer a range of tools matching different styles:
- Scalpers: Tight spreads + lightning execution (IC Markets)
- Hedgers: Multi-leg options strategies (FOREX.com)
- Passive investors: ETF bundles (eToro)
Remember—your first deposit isn’t a marriage proposal. Most services let you upgrade accounts as your skills grow. Start small, learn the rhythms, then scale up when you’re ready to conduct the orchestra.
Leveraged Trading and Risk Management Strategies
Leverage in trading is like nitro boost in a race car—thrilling power that demands expert handling. While regulators like the FCA cap positions at 1:10 for retail traders, offshore platforms might offer 1:1000. That’s the difference between a safety harness and free-climbing a skyscraper.
The Double-Edged Sword
Imagine controlling a $38,000 position with just $3,800—that’s 1:10 leverage in action. But here’s the rub: A 10% price drop wipes your stake. Tier-1 brokers now enforce negative balance protection, acting like airbags during market pileups.
Region | Max Leverage | Protection Features |
---|---|---|
EU/US | 1:10 | Segregated accounts |
Offshore | 1:1000 | Limited oversight |
Survival Toolkit for Traders
Smart traders treat risk like sunscreen—apply liberally and reapply often. Three non-negotiable rules:
- Set stop-loss orders tighter than your gym shorts
- Risk ≤2% per trade (0.5% for newbies)
- Track weather patterns like a storm chaser
One pro trader shared:
“My 1:50 leverage play netted 18% gains last winter—but only because I set stops at 3% downside.”
Modern platforms offer features that auto-calculate position sizes based on your risk tolerance. Access real-time storage data through broker dashboards—it’s like having X-ray vision for market moves. Remember: Leverage amplifies both champagne celebrations and “oh crud” moments.
Impact of Trading Fees on Profitability
Think trading fees are just background noise? Try listening to a dripping faucet all night. Those tiny costs add up faster than loose change in a couch—except here, it’s your profits leaking away. Let’s dissect the three fee gremlins that nibble at your returns.
Analyzing Spreads and Commissions
Spreads are like airport snack prices—convenient but inflated. ECN brokers charge $3 commissions but offer spreads as thin as 0.2 pips. Market makers? They bake costs into wider spreads (1.5+ pips) like hidden resort fees. See the difference:
Broker Type | Spread | Commission | Cost per $10k Trade |
---|---|---|---|
ECN | 0.3 pips | $3.50 | $5.50 |
Market Maker | 1.6 pips | $0 | $16 |
Notice how the “commission-free” option costs triple? It’s like choosing between à la carte and all-you-can-eat—depends how often you trade. Pepperstone’s Razor account slashes costs for high-volume traders, while IG’s spread-only model suits casual investors.
Overnight Financing and Swap Fees
Holding positions overnight? That’s when brokers hit you with the financial equivalent of hotel minibar prices. Swap rates on natural gas average -$4.20 daily—enough to buy a latte every morning your trade stays open.
“I lost $127 last quarter just on swaps,” admits day trader Lena Choi. “Now I set calendar alerts to close positions before 5 PM ET.”
Pro tip: Demo accounts reveal hidden fees better than X-ray vision. Test overnight holds risk-free—it’s like rehearsing a play before opening night. Also, compare brokers’ swap calculators. IC Markets shows fees upfront, while others bury them in spread markups.
Your trading experience hinges on fee awareness. Treat costs like a grocery receipt—scan every line. A $5 daily fee becomes $1,300/year, which could’ve funded three deposit top-ups. Choose platforms that match your trade frequency, and remember: low amount trades need tighter spreads, while large volumes justify commissions.
Regulatory Standards for Forex Brokers
What if your bank stored cash in a vault with no locks? That’s trading with unregulated platforms—risky business where your funds could vanish faster than ice in July. Proper oversight acts like financial seatbelts, keeping you secure when markets hit potholes.
Understanding the Guardians
Regulators come in three flavors:
Tier | Regulators | Protections |
---|---|---|
Tier-1 | FCA, ASIC, CFTC | Segregated accounts, insurance up to $500k |
Tier-2 | CySEC, DFSA | Basic fund separation |
Tier-3 | FSC Mauritius | Minimal oversight |
Tier-1 watchdogs like Britain’s FCA require brokers to keep client money in separate bank accounts—no mixing with company funds. It’s like having a prenup for your portfolio. ASIC-regulated firms in Australia even carry insurance that covers 90% of losses if things go south.
Safety Nets That Matter
Remember the 2024 AlphaTrade collapse? Clients with Tier-3 brokers lost everything. Those using Tier-1 platforms got reimbursed through compensation schemes. Here’s what rigorous oversight delivers:
- Daily financial health checks on brokers
- Mandatory risk warnings before big trades
- Third-party audits every quarter
Always verify a platform’s license through official databases. ASIC’s register takes 30 seconds to search—quicker than verifying a TikTok rumor. As one trader quipped:
“Regulation won’t make you rich, but it’ll keep your gains from pulling a Houdini.”
Technology and Performance: Trading Speed and Analytics
Ever hit refresh during a live sports stream only to miss the winning goal? That’s trading without real-time data. Today’s platforms act like hyper-caffeinated newsrooms—processing weather alerts, storage reports, and geopolitical whispers faster than you can say “price swing.”
Real-Time Data and Market Insights
MT5’s depth-of-market displays reveal hidden supply/demand battles. Think of it as X-ray vision for energy flows. TradingView users swap strategies like TikTok hacks—one trader spotted a 14% surge by overlaying hurricane paths on LNG shipment routes.
Platform | Data Speed | Unique Tool |
---|---|---|
MT4 | 0.8s latency | Custom alerts |
MT5 | 0.5s latency | Hedging matrix |
TradingView | 1.2s latency | Crowdsourced ideas |
Costs matter here. Slower platforms leak profits through delayed executions—like paying for premium Wi-Fi but getting dial-up speeds.
Execution Speeds and Platform Reliability
Pepperstone’s 50ms order processing beats most home internet connections. But reliability? That’s where level playing fields crumble. During March’s price spike, some platforms froze like a Zoom call during a storm.
- IC Markets: 99.98% uptime
- Ventorus: 12 outages last quarter
- Forex.com: Auto-reconnect feature
“My limit order filled 0.3 seconds faster on MT5—that $120 difference bought my weekend gas,” notes day trader Marco Ruiz.
Choose platforms that balance speed and stability. After all, you wouldn’t race a Ferrari on flat tires.
Market Analysis: Fundamental and Technical Perspectives
Ever tried baking cookies while someone keeps fiddling with the oven? That’s natural gas markets—volatile heat that demands constant monitoring. Smart traders use two lenses: fundamentals (the recipe) and technicals (the timer).
Fundamental Analysis for Natural Gas
Three ingredients rule this kitchen:
- Weather whiplash: Polar vortex? AC season? Demand swings like a screen door in a tornado
- Storage math: EIA reports act like pantry checks—low reserves mean price spikes
- Geopolitical chefs: LNG export bans or pipeline hiccups? That’s recipe chaos
Last winter’s Texas freeze sent prices soaring 40% in 72 hours. Why? Fundamentals screamed “supply emergency” before headlines caught up.
Using Technical Indicators for Better Trades
Charts are your GPS through price jungles. Popular tools:
Tool | Works Like | Best For |
---|---|---|
RSI | Overbought/oversold speedometer | Spotting reversals |
Bollinger Bands | Price seatbelts | Range-bound markets |
MACD | Trend compass | Momentum shifts |
When Henry Hub futures broke above their 50-day moving average last April, it signaled a 19% rally—chartists feasted while fundamentals lagged.
Pro move: Blend both approaches. Check storage data (fundamental) while watching Fibonacci levels (technical). One trader nailed a 14% gain by pairing NOAA storm forecasts with RSI divergence—like wearing both belt and suspenders.
Additional Trading Strategies for Natural Gas
Ever feel your phone battery die right when you need it most? That’s natural gas markets without a strategy—full of juice but no way to harness it. Let’s explore two paths through this energy jungle: rapid-fire day moves versus patient swing plays.
Speedboats vs. Cruise Ships
Day traders ride price waves like jet skis, capitalizing on intraday volatility. Think 10-20 quick trades daily, fueled by EIA storage reports or weather alerts. Swing traders? They’re the cruise ships—holding positions for days to catch bigger trends. One pro shared:
“I made 23% last quarter swing-trading hurricane forecasts, but day traders nailed 8% weekly gains during LNG shortages.”
Financial Swiss Army Knives
CFDs and options let you profit whether prices rise or fall—no need to own physical gas. Check the toolshed:
Strategy | Leverage | Time Horizon | Risk Level |
---|---|---|---|
CFD Scalping | 1:10 | Minutes | High |
Options Hedging | Premium-based | Weeks | Medium |
Futures Spreads | 1:5 | Months | Low |
Watch the fine print: 68% of accounts lose money with CFDs due to overtrading. Options buyers risk only premiums—like paying a cover charge at a club. Always set stop-loss orders tighter than a drumhead.
Pro tip: Match your strategy to your schedule. Day trading demands screen time; swing methods work for weekend planners. Either way, treat risk management like sunscreen—apply liberally, reapply often.
Broker-Specific Tools and Unique Features
Ever wish your trading platform came with X-ray vision? Top brokers now pack features that dissect markets like a lab technician—revealing patterns even your weather app misses. Let’s explore how these digital Swiss Army knives slice through volatility.
Enhanced Analytics and Post-Trade Reporting
FOREX.com’s trade journal acts like a fitness tracker for your portfolio. It flags emotional decisions faster than a lie detector test—showing how often you chase losses or exit winners too early. One user admitted:
“Seeing my ‘panic sell’ stats dropped my mistakes by 37% last quarter.”
Broker | Analytics Tool | Unique Benefit |
---|---|---|
City Index | Post-trade heatmaps | Visualizes winning/losing patterns |
Pepperstone | API-driven backtesting | Simulates strategies across 5+ years |
IG | Sentiment gauges | Shows crowd positioning in real-time |
Innovative Trading App Functionalities
Modern apps now feel like gaming consoles. CMC Markets lets you set price alerts using voice commands—perfect when hands-free cooking. XM’s AR feature overlays storage data on live charts, turning abstract numbers into 3D landscapes.
Platform | Feature | Real-World Use |
---|---|---|
IG | Gesture-based orders | Swipe left/right to execute trades |
XM | Augmented reality charts | Visualize LNG shipment delays spatially |
CMC | AI trade summaries | Auto-generates post-mortem reports |
These tools shine brightest during chaos. When Hurricane Lisa disrupted Gulf supplies, mobile-first traders using IG’s swipe trades capitalized on spikes 18% faster than desktop users. Because in volatile markets? Milliseconds separate feast from famine.
Conclusion
Navigating energy markets requires the right compass—and a weatherproof jacket. We’ve charted how regulated brokers act as your financial GPS, steering you around hidden fees and compliance potholes. Remember: platforms with ASIC or FCA oversight aren’t just nice-to-haves—they’re life jackets when markets hit stormy seas.
Your toolkit matters. Demo accounts let you test strategies like video game respawns—zero real-world consequences. Always dissect fee menus like a restaurant critic; that “commission-free” spread might cost more than a prix-fixe meal. And leverage? Treat it like hot sauce—a little enhances flavor, too much ruins everything.
Three rules to avoid losing money: check storage reports like weather apps, set stop-losses tighter than drumheads, and never sleepwalk into overnight swap fees. The trading platforms we’ve highlighted? They’re your all-terrain vehicles for this wild ride—equipped with real-time storm trackers and crash cushions.
Now grab your map—we’ve marked the trails. Trade smart, watch the horizon, and maybe pack some snacks. This energy journey’s just getting interesting.