Mid-Week Natural Gas Report - July Futures (NGN26 @ 3.233) | 06.24.2026
- Timothy Beggans
- 4 days ago
- 1 min read
Timestamps
00:00 - July Natural Gas Contract & Market Overview
00:49 - Hourly Chart Analysis & Support/Resistance Levels
01:17 - US Summer Temperature Outlook (8-14 Day Forecast)
01:37 - ERCOT & ISO Power Demand: Renewables vs. Natural Gas
03:05 - Front-to-Back Spreads & Winter Strip Analysis
04:07 - European Weather Model: Heat Index Forecast
05:18 - US Heat Risk & Extreme Temperature Trends
06:12 - European Energy Update: Record Heat & Storage Deficits
07:36 - Asia Temperature Anomaly Outlook
07:57 - US LNG Utilization: Facility Performance & Maintenance Updates
09:11 - Tropics Update: Saharan Dust & Storm Activity
09:46 - Oil & Gas EMP Sector Stock Performance
10:17 - Recap: Option & Futures Expiration Outlook
In this mid-week update, Tim Begins, President of Elk Trading Company, breaks down the current state of the natural gas market as the July contract nears expiration. We analyze the spot July contract's performance, technical indicators like the RSI and moving averages, and the impact of upcoming option and futures expirations. The report also covers critical external factors, including summer temperature outlooks for major hubs like Chicago and Texas, renewable energy's growing share in the fuel mix, and the concerningly low storage levels across the EU. We wrap up with a look at US LNG utilization, tropical weather updates, and the latest performance of oil and gas EMP stocks.
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, short float over 10%
BKV | CNX | CRGY | CRK | MGY | MTDR | NOG
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