Daily Natural Gas Report - September Futures (NGU26 @ 2.677) | 08.05.2026
- Timothy Beggans
- 9 hours ago
- 2 min read
Timestamps
0:00 - Market Update: September Natural Gas Futures
0:20 - Storage Expectations and RSI Analysis
1:00 - Hourly Chart: Daily Pivot and Support Levels
1:20 - April-October Strip & El Niño Storage Concerns
1:51 - ERCOT Power Grid: Renewables vs. Natural Gas Mix
2:21 - Regional Volatility: PJM, MISO, and NYISO Price Spikes
2:48 - U.S. Weather Outlook: 6-14 Day Temperature Forecasts
3:23 - Extreme Heat Risk: Regional Impact Assessments
4:31 - Global Markets: Japan/Korea Update & European Heat Wave
5:09 - European Storage Trends: EU, Germany, and France
5:52 - Typhoon Dolphin: Impact on Shanghai and Beijing Markets
7:18 - LNG Export Update: Freeport, Cheniere, and Golden Pass
8:29 - Tropical Storm & Hurricane Season Outlook
9:12 - U.S. Nuclear Fleet Status & Wildfire Risk Assessment
9:39 - Oil & Gas Stock Recap: EMP Sector Performance
In today's report for Wednesday, August 5, 2026, Tim Biggins, President of ELK TRADING Co LLC, analyzes the current state of the natural gas market as September futures trade around $2.677. We dive into the upcoming storage report expectations (ranging from +25 to +30 BCF) and what this bearish outlook means for price action.
Key Topics Covered:
Technical Analysis: A close look at the RSI, daily pivots ($2.709), and critical support levels ($2.632) on the hourly and daily charts.
Power Grid Dynamics: Natural gas maintains a strong 38% share in the ERCOT fuel mix amid cloudy conditions limiting solar output.
Weather & Volatility: Tracking extreme heat risks in the interior West and Midwest, alongside price spikes in MISO and PJM.
Global Impact: Analyzing the low storage levels in Europe (57.7% full) and the potential market disruption from Typhoon Dolphin in Asia.
LNG & Infrastructure: Updates on utilization rates at Sabine Pass, Corpus Christi, and the status of Golden Pass Train 1.
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, short float over 10%
BKV | CNX | CRGY | CRK | MTDR | NOG
How are you positioning your trades ahead of tomorrow's storage data? Let us know your thoughts in the comments!
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