Daily Natural Gas Report - November Futures (NGX26 @ 2.982) | 10.20.2026
Tim Beggans covers a range-bound pullback that left November testing first support with the 13- and 48-period EMAs about to cross down. Also: LNG feedgas growth and rising nuclear outages versus higher production and a lack of cold in the Chicago–New York–Atlanta triangle, light ERCOT demand, power-market volatility from fall maintenance, an Apr–Oct spread well below the 50-day, EU storage at 74.6% with Germany at 61%, UK net withdrawals and Rough still empty, Champy passing Taiwan, continued Hormuz attacks, Cameron back at full capacity, Golden Pass at a new high near 742k, a strong polar vortex trapping cold in the Arctic, and a mixed E&P tape.Contract / levels:
November near 2.982–2.983, down ~7.5–7.6¢ (~2.5%)
13- and 48-period EMAs about to cross down
RSI still in sell, creeping toward oversold
Daily pivot ~3.090
First support ~2.997 (holding around)
Second support ~2.935
Range roughly 2.90–3.30
Just over one week left before expiration
Storage (Thursday):
Expected ~+80 Bcf
Last year +87 / 5-year average +86
Slightly constructive versus both if the print stays light
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, High short float over 10%
BKV | CNX | CRGY | CRK | LB | MGY | MTDR | NOG
Timestamps
0:00 – Open: range-bound fade, EMAs about to cross down
1:01 – Hourly pivot & first support; RSI oversold
1:35 – ERCOT: light demand, gas ~32% of fuel mix
2:13 – National grid volatility (PJM, NYISO, SPP)
3:02 – 6-10 day & 8-14 day outlooks
3:35 – Apr–Oct spread well below the 50-day EMA
4:13 – Euro model: central warmth vs Rockies / New England cool
5:34 – Europe weather mixed into early November
6:03 – UK flows: net withdrawing; Rough still empty (~46%)
6:48 – EU storage 74.6%; Germany / UK lag
7:32 – UK NBP November below the 50-day
7:49 – Asia weather; cold shot into Beijing then Japan
8:36 – Asia temps; Champy toward Taiwan
8:57 – East Coast storm (93L) stays offshore
9:38 – Hormuz attacks; Ras Laffan one loader
10:28 – U.S. LNG (Cameron full; Golden Pass new high ~742k)
11:37 – Nuclear outages (~19.9 GW)
12:05 – Gulf quiet; northeast storm offshore
12:30 – Teleconnections: strong polar vortex
12:50 – Arctic ice & Hudson Bay watch
13:40 – Stratospheric / jet-stream breakup risk
14:20 – E&P watch list
14:41 – Recap & close
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