Daily Natural Gas Report - November Futures (NGX26 @ 3.206) | 10.09.2026
Tim Beggans covers a continued Friday bid after yesterday’s +85 Bcf print, with November holding above the 13/48 EMAs. Also: salt-dome storage still well below last year, January showing a bullish RSI divergence inside the descending channel, cooler air into the Rockies and Northeast, EU storage at 73.1%, JKM January testing highs, no Ras Laffan loaders, Freeport still unstable, Golden Pass near 584k, Hurricane Isaias at 120 mph aimed at Mobile Bay / Pensacola and Saturday’s Alabama–Georgia game, drought relief from Rachel and Simon, nuclear outages at 15 GW, teleconnections shifting, early Arctic ice, and the E&P watch list.
Contract / levels:
November near 3.203–3.206, up ~3.8¢ (~1.1%)
Holding above the 13-period EMA; 13/48 EMAs crossed up
RSI still positive
Daily pivot ~3.191
Watching a retest of yesterday’s pre-report high near 3.275
January up ~5.1¢ to ~3.96; no new RSI low on the channel test — crowded short may be vulnerable
Storage (yesterday):
+85 Bcf vs consensus ~+82
Last year +77 / 5-year average +96
Total storage ~3.5 Tcf with about four weeks left in injection season
South-Mid and salt domes (227 Bcf vs 295 last year / 264 five-year) still lagging
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: November holding above the EMAs
0:37 – Timeframe note on 13/48 EMA signals
1:01 – Hourly pivot & retest of 3.275
1:25 – EIA +85 Bcf; salt-dome lag
2:24 – January contract; bullish RSI divergence
2:56 – 6-10 day & 8-14 day outlooks
3:36 – U.S. models: Canadian cold vs Southeast heat
5:00 – Europe weather
5:39 – EU storage 73.1%; Germany / UK lag
6:15 – JKM January testing highs
6:42 – Asia storms (Nolo, Kojima); India drought
7:05 – Asia temps; Rachel / Simon / Isaias
8:37 – Asia weather map
9:01 – Ras Laffan quiet; Hormuz traffic & UKMTO
9:54 – U.S. LNG terminals (Golden Pass ~584k; Freeport still unstable)
10:50 – Hurricane Isaias: 120 mph toward Mobile Bay / Pensacola
11:27 – Spaghetti models through Alabama toward the Northeast
11:48 – Pensacola Beach webcam
12:10 – Drought monitor; Rachel / Simon rain
12:37 – Nuclear outages (~15 GW)
12:55 – Teleconnections (AO down, PNA falling)
13:26 – Arctic ice & cold air watch
14:10 – E&P watch list
14:34 – Recap & close
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