Daily Natural Gas Report - August Futures (NGQ26 @ 2.692) | 07.28.2026

https://youtu.be/w-cF5MMVdok

Timestamps

00:00 – Market Open: August Natural Gas Down 2%

00:22 – Technical Analysis: RSI and Moving Averages

00:30 – Option Expiration & 2.75 Put Strike Trigger

00:56 – Hourly Chart: Support and Pivot Levels

01:27 – NYMEX Open Interest & Option Clusters

02:03 – Front-to-Back Spreads (Jan vs. Oct)

02:25 – ERCOT Load Analysis: Solar vs. Natural Gas

03:22 – National Grid Pain Points: PJM & MISO Spikes

04:04 – 8-14 Day National Weather Outlook

04:35 – Heat Risk Forecast: Interior West & Southeast

05:58 – Europe Update: Record Heat & Wildfire Risks

06:41 – European Storage Levels (Belgium, Netherlands, GB)

07:48 – Asia Market: China’s Heatwave vs. India

08:21 – LNG Tracker: Global Tanker Traffic & US Export Data

10:12 – US Nuclear Fleet & Tropical Weather Update

11:23 – Japan Earthquake & Nuclear Plant Status

11:46 – E&P Sector Stock Performance

12:05 – Closing Summary: August Contract New Lows

In this market update, Tim Beggans, President of Elk Trading Company, analyzes the significant downward pressure on the August natural gas contract as it hits new lows on option expiration day. Despite extreme heat in regions like Houston and a supportive 8-14 day weather outlook, the August contract continues to struggle, triggering key put strikes. The video covers technical analysis, open interest on the NYMEX, energy load distributions in ERCOT, global storage levels in Europe, and the latest updates on US LNG exports and tropical weather activity.