Daily Natural Gas Report - November Futures (NGX26 @ 3.230) | 10.13.2026
Tim Beggans covers a rebound that put November back above the daily pivot after the 13- and 48-period EMAs held as support. Also: better LNG demand, Thursday’s storage setup versus last year +80 and the five-year +90, an Apr–Oct spread bounce toward the 50-day EMA, UK NBP at new records on Hormuz risk, EU storage at 73.8% with Germany still at 60%, colder European air into Germany by the 22nd, Simon moisture toward the Texas Panhandle, one Ras Laffan loader (likely a Kuwait shuttle), Freeport stable near 1.75, Golden Pass holding ~642k, a quiet Gulf and Atlantic, and a green E&P tape that now includes Range Resources.
Contract / levels:
November near 3.226–3.230, up ~5.9–6.3¢ (~1.9–2%)
RSI turned up
13- and 48-period EMAs held as support on yesterday’s dip
Daily pivot ~3.154
First resistance ~3.217 (testing / about to break)
Apr–Oct spread up 1 tick to ~2.993; 50-day EMA near 3.027
Storage (Thursday):
Setup versus last year +80 Bcf and the 5-year average +90 Bcf
Likely 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 | RRC
Timestamps
0:00 – Open: November rebound after EMAs held
0:53 – Hourly pivot & first resistance
1:15 – Thursday storage setup (+80 / +90)
1:27 – Apr–Oct spread bounce toward the 50-day EMA
2:17 – 6-10 day & 8-14 day outlooks
2:46 – Euro model: central warmth vs Rockies / New England cool
3:43 – UK NBP at new records on Hormuz risk
4:13 – Europe weather; cold into Germany by the 22nd
5:10 – EU storage 73.8%; Germany / UK lag
5:44 – Asia weather; Mongolia cold shot
6:21 – Pacific storms (Kogama, 28W, 96W)
7:01 – Simon & 93E moisture toward Texas / New Mexico
7:34 – Ras Laffan: one loader (Kuwait shuttle); Hormuz active
8:13 – U.S. LNG terminals (Freeport ~1.75; Golden Pass ~642k)
9:02 – Gulf and Atlantic quiet
9:23 – E&P watch list (all green; RRC added)
9:47 – Recap & close
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