Mid-Week Natural Gas Report - November Futures (NGX26 @ 3.203) | 10.14.2026
Tim Beggans covers a pullback that left November still above the 13- and 48-period EMAs with the hourly RSI oversold near first support. Also: tomorrow’s storage preview (+74 to +76 Bcf versus last year +80 and the five-year +90), a 55° St. Louis temperature swing, a widening Dec–Jan Super El Niño premium, model gyrations in the U.S. and Europe, UK injections with Rough still empty, Freeport back near 1.82 after maintenance, Golden Pass near 666k, continued Hormuz attacks, Simon and Trudy aimed at Baja, nuclear outages at 19.4 GW, AO/NAO set to turn negative, early Arctic cold, and a red E&P tape.
Contract / levels:
November near 3.203–3.215, down ~6.8–8¢ (~2–2.4%)
Still holding above the 13- and 48-period EMAs
RSI trending down
Daily pivot ~3.240
First support ~3.151 (holding above; oversold RSI)
Dec–Jan spread up 4 ticks to ~39.3¢ (normal winter ~25¢)
Storage (Thursday):
Expected +74 to +76 Bcf
Last year +80 / 5-year average +90
Constructive versus both if the print stays in range
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 | RRC
Timestamps
0:00 – Open: November pullback still above the EMAs
0:31 – Storage preview (+74 to +76 Bcf)
0:45 – Weather rollercoaster (St. Louis 55° swing)
1:12 – Hourly 13/48 EMA signal example
1:43 – Hourly pivot & first support; RSI oversold
2:08 – 6-10 day & 8-14 day outlooks
2:44 – Dec–Jan spread widening under Super El Niño
3:15 – Euro model: central heat vs Rockies / Northeast cool
4:36 – Europe weather; cold backed off for the 22nd
5:21 – TTF January softer near decade highs
5:40 – UK flows: injecting; Rough still empty (~41%)
6:27 – EU storage ~74%; Germany / UK lag
7:03 – U.S. LNG (Freeport ~1.82; Golden Pass ~666k)
8:09 – Hormuz attacks; Ras Laffan idle
8:30 – Asia weather & temps
9:14 – Pacific systems (28W, 36W, Simon, Trudy)
10:05 – Nuclear outages (~19.4 GW)
10:23 – Gulf and Atlantic quiet
10:38 – Teleconnections (AO / NAO turning negative)
11:03 – Arctic cold penetrating Canada
11:42 – E&P watch list (sea of red)
11:57 – Recap & close
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