Daily Natural Gas Report - November is Spot | (NGX26 @ 3.047) | 09.29.2026
Tim Beggans covers the first session of November as front month after October expired at $3 even. The MX-P 100 outage squeeze is fully given back; November is below the 13- and 48-period EMAs just north of $3. Also: cooler ERCOT load with gas still beating wind + solar, national grid volatility into fall nuclear maintenance, Canadian cold into the Great Lakes vs lingering Houston heat, the crowded Super El Niño winter short, EU/UK storage (Rough still empty), Asia weather, Kitimat’s next loader, U.S. LNG with Golden Pass near 600k, Polo making landfall toward New Mexico / DFW rain, Fay + Hannah in the Atlantic, Lake Gatun up 2 ft, and the E&P watch list.
Contract / levels:
November near 3.043–3.047, down ~6¢
Below the 13- and 48-period EMAs (bearish crossover after the TCO squeeze faded)
Daily pivot ~3.122
First support ~3.061 (through)
Second support ~3.023
October expired yesterday at $3.00 even
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 is spot; squeeze given back
1:03 – Hourly pivot & second support
1:25 – ERCOT: lower load, gas still ~45% of fuel mix
2:08 – National grid (PJM, Ontario, SPP, MISO)
2:54 – U.S. models: Calgary cold vs Gulf 80s/90s
4:43 – 6-10 day & 8-14 day outlooks
5:07 – Super El Niño winter channel
5:40 – EU storage 71%; Germany / UK / NL lag
6:08 – Europe weather
6:39 – UK flows (no stock draw today); Rough empty
7:16 – UK NBP; Hormuz headlines
7:59 – Asia weather
8:25 – Pacific storms; Polo track; Fay + Hannah
9:10 – India monsoon shortfall
9:24 – Kitimat / LNG Canada rotation
9:57 – U.S. LNG terminals (Golden Pass ~600k)
10:58 – Gulf convection; Hannah & Fay
11:53 – Hazard outlook
12:12 – Polo landfall → NM / Texas rain
12:44 – Saharan dust
13:00 – Hawaii cold pool & late-winter jet stream
13:48 – Lake Gatun / Panama Canal
14:13 – E&P watch list
14:43 – Recap & close
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