Daily Natural Gas Report - August Futures (NGQ26 @ 2.877) | 07.14.2026
- Timothy Beggans
- 2 days ago
- 2 min read
Timestamps
00:00 – Market Update: August Futures & Pivot System Analysis
01:04 – Front-to-Back Spreads: Jan vs. Oct Injection Spread
01:31 – ERCOT Grid: Rain Impacts on Renewables & Natural Gas Demand
02:12 – Regional Power Markets: MISO, NYISO, SPP, and PJM Analysis
02:42 – 8-14 Day Temperature Outlook & Extreme Heat Risk Maps
04:54 – International Spreads: JKM vs. TTF & Typhoon Bavi Impact
05:23 – European Storage Levels: EU, Belgium, UK, and Germany Reports
06:35 – Asia Market Update: China & Japan Temperature Forecasts
07:19 – LNG Export Update: Ross Leavon, Cameron, Freeport, & Corpus Christi
08:26 – Pipeline Capacity: Trans-Cameron, Plaquemines, and Golden Pass
09:15 – US Nuclear Fleet Status & Global Tropical Activity
10:31 – Natural Gas Equities: Short Float & Stock Performance Recap
10:53 – Storage Expectations & Closing Summary
Daily Natural Gas Market Analysis – July 14, 2026
Welcome back to ELK TRADING Co LLC. In today's report, we dive into the August natural gas futures (NGQ26) as they trade near 2.877, approaching oversold conditions. We analyze the current hourly charts and the daily pivot system while navigating some technical challenges caused by the thunderstorms here in Houston!
Key Highlights from Today’s Session:
Grid Performance: We look at how heavy rain from Midland to New Orleans is dampening ERCOT demand, leaving natural gas to provide over 52% of the fuel mix as renewables take a backseat.
Weather Outlook: A deep dive into the 8-14 day temperature outlook shows near-normal temperatures for much of the East Coast, though the South remains under significant heat stress.
Global LNG & Storage: We review the collapsed JKM vs. TTF spread following Typhoon Bavi and provide a detailed update on European storage levels, which currently sit at 52.2% capacity overall but show 5-year lows in Belgium and the UK.
Infrastructure Updates: Latest on US LNG export facilities, including capacity updates for Cameron, Freeport, and the progress at Golden Pass.
Storage Preview: Current expectations for Thursday’s storage report sit between +40 to +45 BCF.
What are your thoughts on the current price action? Do you think the oversold RSI will lead to a bounce before the storage report? Let us know in the comments!
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, short float over 10%
BKV | CNX | CRGY | CRK | MGY | MTDR | NOG
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