In today's natural gas market update for Wednesday, November 4, 2026, Elk Trading Company President Tim Beggans breaks down what's driving the spot December contract (NGZ26). December futures are trading at 2.894, down one tick, well below the 13- and 48-period EMAs with the RSI deeply oversold. Tomorrow's storage report is expected around +84 Bcf, versus +39 Bcf last year and a five-year average of +61 Bcf. Weather remains too warm and LNG is wobbly, so prices are going nowh

In today's natural gas market update for Tuesday, November 3, 2026, Elk Trading Company President Tim Beggans breaks down what's driving the spot December contract (NGZ26). December futures are up 1.1 cents to 2.867, but after three straight days of sideways action, the market is going nowhere fast. The RSI is oversold, but there's no bullish catalyst yet from weather or LNG. The Jan/Dec spread is near 47.8 cents, well above the normal 25 cents, and should snap in if colder w

Top News for Natural Gas: 1.) US NG Storage on track for 3.90 TCF 2.) World holds its breath on Iran 3.) Qatar moves to acquire global LNG supply portfolio 4.) ST LNG (offshore TX) wins port license In today's natural gas market update for Monday, November 2, 2026, Elk Trading Co President Tim Beggans breaks down the top news for natural gas and what's driving the spot December contract (NGZ26). December futures are getting a relief rally, up 2.9 cents to 2.927, as the RSI

Source: EIA This Week's Main Drivers: EIA Storage: +80 BCF vs. +75 BCF last year and +77 BCF five-year average. South Central led inventory additions. EU enters winter with storage approximately 75% full. Qatar extends Force Majeure through year-end 2026 for Edison (Italy) and Pakistan. US warns Iran strikes could resume after midterm elections. EQT acquires Range Resources in an all-stock deal valued at approximately $50 billion. Freeport LNG feedgas demand gyrates for a sec

Source: GROK Wild guesses, not investment advice. Some may prove remarkably accurate; others may be spectacularly wrong. Let's revisit them at the end of 2027! My 15 Prognostications for 2027 — Ranked by Likelihood: AI/Data Centers: Electricity demand growth accelerates faster than expected, driving additional power generation and gas demand. Permian Gas: Henry Hub averages near $2.50/MMBtu as associated gas production offsets demand growth due to elevated crude prices. LNG S

Tim Beggans recaps a continued fade in the new December spot contract, still well below the 13- and 48-period EMAs with the RSI oversold. Also: yesterday’s +80 Bcf print (above the ~73 Bcf expectation) versus last year +75 and the five-year +77, the next two weeks turning more bearish, the South Central deficit narrowing from ~150 Bcf toward ~100 Bcf, the winter strip testing new lows, warm 6–10 and 8–14 day outlooks into mid-November, EU storage slipping from 75%, UK net wit

Tim Beggans covers the first day of December as the spot contract with the market still under pressure from mild temperatures. Also: today’s storage setup near +73 Bcf versus last year +75 and the five-year +77, the next two weeks turning bearish, an oversold RSI and a possible corrective bounce if the print is light, a Dec–Jan spread still wide under Super El Niño conditions, light ERCOT wind, a quiet national grid, warm 6–10 and 8–14 day outlooks into mid-November, EU stora

Tim Beggans covers November expiration day with a relief rally still sitting below the 13- and 48-period EMAs and very little open interest left. Also: December becoming spot tomorrow with a +67 Bcf storage setup versus last year +75 and the five-year +77, the next two weeks turning bearish on warm weather, a Jan–Dec spread still wide under Super El Niño conditions, the winter strip flushing below its channel, warm 6–10 and 8–14 day outlooks into mid-November, EU storage peak