Mid-Week Natural Gas Report - November Futures (NGX26 @ 3.167) | 10.07.2026
Tim Beggans covers a continued bid that has November testing third resistance and setting up a 13/48 EMA cross on a positive close. Also: tomorrow’s storage preview (+73 to +77 Bcf), January pushing toward the upper channel, light ERCOT wind, yesterday’s $10,000 MISO spike, cooler air into the Rockies and New England, EU storage at 72.8%, UK injections with Rough still empty, TTF January firming, Cove Point back online, Freeport still choppy, Tropical Storm Isaias (Spanish form) aimed at Mobile Bay, nuclear outages at 15 GW, and the E&P watch list.
Contract / levels:
November near 3.157–3.167, up ~4–5¢ (~1.4–1.7%)
RSI still pointing up but flattening
13- and 48-period EMAs set to cross positive on a green close
Daily pivot ~3.101
Tested third resistance ~3.215 (high ~3.219); hourly RSI rolling over — overbought
January up ~4.7¢, targeting upper channel near 3.962
Storage (Thursday):
Expected +73 to +77 Bcf
Last year +77 / 5-year average +96
Bullish versus both if the print comes in below +77
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 bid; EMA cross setup
0:37 – Hourly pivot & third resistance; RSI overbought
0:56 – Storage preview (+73 to +77 Bcf)
1:16 – January contract toward the upper channel
1:51 – ERCOT: wind only ~2,400 MW; gas ~42% of fuel mix
2:30 – National grid; yesterday’s $10,000 MISO spike
3:23 – U.S. models: cooler PNW / Rockies / New England
4:21 – 6-10 day & 8-14 day outlooks
4:43 – EU storage 72.8%; Germany / UK / Ukraine lag
5:31 – Europe weather into late October
6:13 – UK flows: injecting; Rough still empty (~36%)
7:01 – TTF January +3.4%; targeting ~$27.90
7:36 – Asia weather; Tokyo / Beijing / Delhi temps
8:23 – Pacific storms; Gulf system forming
9:05 – U.S. LNG (Cove Point back; Freeport choppy; Golden Pass ~411k)
10:54 – Tropical Storm Isaias toward Mobile Bay
12:07 – Wider tropics; water temps
12:51 – Saharan dust light
13:01 – Nuclear outages (~15 GW)
13:12 – El Niño pool vs Hawaii cold pool
13:33 – Teleconnections (AO up, NAO / PNA rolling over)
13:49 – E&P watch list
14:08 – Recap & close
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