Mid-Week Natural Gas Report - August Futures (NGQ26 @ 2.928) 07.22.2026
- Timothy Beggans
- 2 days ago
- 2 min read
Timestamps
01:06 Storage Expectations & Bullish/Bearish Scenarios
01:31 April-October Strip & Injection Season Analysis
02:02 Electricity Market & ERCOT Record Load
02:44 US Grid Volatility & Regional Pricing (PJM, ISO-NE, SPP)
03:24 Temperature Outlook: 8-14 Day Forecast
03:39 Extreme Heat Risk Maps & Tropical Storm Bertha Impact
04:40 Heat Index Projections for Texas & Midwest
05:37 European Weather Outlook & First Week of August Forecast
06:28 EU Gas Storage Levels & Regional Challenges (UK, Belgium, Netherlands)
06:52 JKM (Japan Korea Marker) Update & Panic Sentiment
07:19 Asia Weather Model Review
07:44 US LNG Loading Status & Anchorage Reports
08:54 Terminal Flows: Cameron, Freeport, & Sabine Pass
10:04 US Nuclear Fleet Performance
10:15 Tropical Update: Bertha Path & Saharan Air Layer
11:14 Canadian Wildfire Smoke & Impact on US Air Quality
11:38 Oil & Gas E&P Stock Sector Performance (CNX Recap)
12:05 Summary & Final Market Recap
Description
Mid-Week Natural Gas Report: Heat Waves & Tropical Volatility
In today's report for Wednesday, July 22, 2026, Tim Begins (President of ELK TRADING Co LLC) breaks down the surge in the August natural gas contract as it tests key resistance levels. With extreme heat indices reaching 118° in Texas and record-breaking loads on the ERCOT grid, natural gas is claiming over 50% of the fuel mix as renewable output dips.
Key Highlights:
Market Update: August futures up over 2.2%, testing the 2.9370 resistance level.
Storage Outlook: Previewing tomorrow's storage report—will we see a bullish surprise below 27 BCF?
Global Panic: The Japan Korea Marker (JKM) is eclipsing March highs as the Straight of Hormuz moves and European heat waves create a "perfect storm" for LNG demand.
Weather & Tropics: Tracking Tropical Storm Bertha's path toward New Orleans and Houston, alongside the massive Saharan air layer and persistent Canadian wildfire smoke.
Equity Recap: A sea of green in the E&P sector as hedge fund shorts face pressure from rising futures.
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, short float over 10%
BKV | CNX | CRGY | CRK | MGY | MTDR | NOG
How is the current heat wave affecting your trading strategy? Let us know in the comments!
Don't forget to LIKE and SUBSCRIBE for daily natural gas market insights.
Comments