Daily Natural Gas Report - November Futures (NGX26 @ 3.120) | 10.06.2026
Tim Beggans covers a production-led bounce that put November back above the 13- and 48-period EMAs and through first resistance. Also: light ERCOT wind forcing gas to cover the evening ramp, a Rockies cold shot with Wyoming at 14°, the Jan–Nov and Apr–Oct spreads still stretched short, EU storage at 72.7%, UK injections with Rough still empty, Golden Pass cargos covering Qatar’s force majeure at Edison’s Italian terminal, Freeport still choppy, a 90% Bay of Campeche system aimed at Alabama and the Florida Panhandle, nuclear outages at 15.5 GW, and the E&P watch list.
Contract / levels:
November near 3.120, up ~5.4¢ (~1.8%)
Back above the 13- and 48-period EMAs
Daily pivot ~3.049
First resistance ~3.100 (through)
Second resistance ~3.135
Next resistance ~3.186
Bid tied to pipeline maintenance cutting production
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: production dip lifts November through the EMAs
0:41 – Hourly pivot, first and second resistance
1:15 – ERCOT: wind only ~8% of the fuel mix
2:03 – National grid (SPP, PJM, MISO, ERCOT evening)
2:37 – U.S. models: Rockies / Wyoming cold vs Southeast heat
4:03 – 6-10 day & 8-14 day outlooks
4:35 – Jan–Nov spread still below the 13 EMA
5:16 – Apr–Oct spread stretched; short-covering watch
6:08 – EU storage 72.7%; Germany / UK / NL lag
6:42 – Europe weather; Alps cooling into the 20th
7:23 – UK flows: injecting; export to Belgium; Rough empty
8:13 – Asia weather into late October
8:48 – India drought; Pacific storms; Bay of Campeche firing
9:27 – Golden Pass cargos covering Qatar’s Edison FM
10:03 – U.S. LNG terminals (Freeport choppy; Golden Pass ~280k)
11:30 – Bay of Campeche 90% toward Alabama / Florida Panhandle
12:10 – Gulf water temps; tropical hazards
12:31 – Saharan dust light
12:41 – Nuclear outages (~15.5 GW)
13:02 – El Niño pool vs Hawaii cold pool
13:30 – Teleconnections; polar vortex strengthening
14:06 – E&P watch list
14:29 – Recap & close
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