Daily Natural Gas Report - December Futures (NGZ26 @ 2.867) | 11.03.2026
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 weather shows up. The 6–10 and 8–14 day outlooks show near-normal temperatures in the Southeast and above-normal temperatures for much of the West through mid-November. Overseas, EU storage is 74.6% full and Germany is at 61%. UK storage is about 41% full, and Dutch TTF is down 4% on hopes for progress between the US and Iran. We also track US LNG terminal flows, including the week-long problems at Freeport, 19.7 GW of US nuclear capacity offline, sudden stratospheric warming signals, and a disturbance off Florida.
Can colder weather or stronger LNG demand give oversold December natural gas the catalyst it needs? Let us know your thoughts and price targets in the comments below!
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NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, High short float over 10%
BKV | CNX | CRGY | CRK | LB | MTDR | NOG
Timestamps
00:00 – Good Morning Natural Gas: Tuesday, November 3, 2026
00:14 – Spot December Contract (NGZ26): Sideways Action & Oversold RSI
00:36 – Hourly Chart: Daily Pivot (2.895) & First Support
01:03 – Front-to-Back Spreads: Jan vs. Dec (~47.8¢ vs. Normal 25¢)
01:47 – 6–10 & 8–14 Day Outlooks: Near Normal in the Southeast
02:18 – ERCOT: 59,000 MW Demand & Overcast Solar
02:49 – National Grid: Quiet MISO, PJM Hits $390
03:29 – US Weather Forecast Maps: Cooler Air for New England Nov 11–13
04:43 – Temperature Anomaly Maps: Cooler Southeast Around Nov 8
05:39 – Global Map: Cold Air in Canada & Eastern Siberia
06:07 – EU Storage (74.6%) & Germany (61%)
06:37 – Europe Weather Forecast: Up & Down
07:13 – UK: Storage (~41% Full), Supply & Power Grid
08:05 – Asia Weather: Storm Systems & India Rain
08:38 – Dutch TTF Down 4% on US–Iran Hopes
09:00 – Asia Temperature Forecast: Cold for the Koreas, Beijing & Japan
09:26 – LNG: Ras Laffan & US Terminals (Cameron, Freeport Problems, Creole Trail, Corpus Christi, Calcasieu, Plaquemines & Golden Pass)
10:27 – US Nuclear Fleet Outages (19.7 GW)
10:46 – Teleconnections: AO Neutral, PNA Positive
11:10 – Sudden Stratospheric Warming: Polar Vortex Slowdown
11:37 – Jet Streams: Strong Southern Jet & Dip Toward Chicago & New York
13:05 – Arctic Sea Ice & Snow Cover
13:28 – Atlantic: Disturbance Off Florida (30% Chance)
13:58 – Canadian Model: Cooler Late Winter for the Southeast?
14:26 – Oil & Gas E&P Stocks: High Short Float Names
14:52 – Recap: December Up 1.1¢ to 2.867 & Close
15:23 – End Card
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