Daily Natural Gas Report - October Futures (NGV26 @ 2.977) | 09.23.2026
Tim Beggans covers yesterday’s short-covering squeeze through $3, Thursday’s storage setup, Friday options / Monday futures expiry, thin October open interest, ERCOT and national grid demand, lingering Houston heat vs an early-October northern cold shot, the Feb–Mar widow-maker bounce, EU/UK storage (Rough still empty), Asia weather, one Ras Laffan loader and a quiet Hormuz, U.S. LNG with Golden Pass slipping back, Tropical Storm Fay plus Category 5 Hurricane Polo, U.S. nuclear outages into fall maintenance, and the E&P watch list.
Contract / levels:
October near 2.977–2.979, up ~1¢ after an overnight print above 3.066
Rejected at first hourly resistance ~3.053
Daily pivot ~2.935
Friday options expiry; Monday October futures expiry
October futures OI ~43k (−25k); $3 options OI ~34k
Storage (Thursday):
Expected +55 to +60 Bcf
Last year +77 / 5-year average +76
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: squeeze through $3, then fade
0:50 – Thursday storage preview; options Fri / futures Mon
1:17 – Hourly rejection at 3.053; pivot
1:36 – October futures OI & $3 options
2:23 – ERCOT load, gas greater than 50% of fuel mix
3:05 – National grid (PJM, CAISO, MISO, ISO-NE)
3:43 – U.S. heat-risk maps (Houston last stand)
4:24 – Models: Calgary/Denver cold into Oct 4
5:25 – 6-10 day & 8-14 day outlooks
5:59 – Feb–Mar widow-maker bounce
6:23 – UK NBP; UN / Iran talks
6:52 – EU / Germany / Belgium / Netherlands / UK storage
7:58 – Europe weather
8:36 – UK flows: Norway + LNG + stock draws; Rough empty
9:49 – Asia weather & India monsoon
10:32 – Hurricane Polo (Cat 5) toward Baja
11:25 – Ras Laffan loader; Hormuz monitor
12:09 – U.S. LNG terminals (Golden Pass back to ~487k)
13:29 – Fay 20%; Africa wave 40%; Gulf quiet
14:05 – Polo track toward Baja / SW U.S. moisture
15:25 – Hazard outlook & Saharan dust
15:57 – U.S. nuclear outages (~7.7 GW offline)
16:56 – E&P watch list
17:19 – Recap & close
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