Natural Gas Weekly Recap - December Futures (NGZ26 @ 2.986) | 11.06.2026

In today's natural gas weekly recap for Friday, November 6, 2026, Elk Trading Company President Tim Beggans breaks down what's driving the spot December contract (NGZ26).

December futures are up, trading near 2.994 (+4.7 cents, about 1.6%) after testing the 13-period EMA near 3.03, with a session high of 3.04 and the RSI pointing up. Colder weather is moving in, especially for the Southeast, and LNG is surprising to the upside, even at Freeport. Yesterday's EIA report showed a +77 Bcf injection versus +39 Bcf last year and a five-year average of +61 Bcf, putting about 3.8 Tcf in the ground, with another 246 Bcf to go before reaching 2016's record 4.047 Tcf. The 6–10 and 8–14 day outlooks stay above normal in the upper Midwest, but cooler air shows up inside those averages, with cold hitting Texas this weekend and the East around November 13. Overseas, EU storage is down to 73.8% from a 76% peak, Germany sits near 60%, UK storage is just under 43% with Rough still empty, and the UK December contract shows a triple-peak RSI, a possible top. On LNG, Cameron is running 1.543 of 1.56, Freeport is set to return to 1.8 Bcf after compressor work, Creole Trail is at 1.526 of 1.7, Corpus Christi 2.733 of 2.75, Calcasieu Pass just under 1.7, Plaquemines 4.252 and Golden Pass TSQ 808,435. We also track a turn toward a negative AO and NAO, a possible sudden stratospheric warming in mid-November, and 19.1 GW of US nuclear capacity offline. December closes out the recap near 2.986, up 3.9 cents.

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Timestamps

00:00 – Good Morning Natural Gas: Friday, November 6, 2026

00:12 – Spot December Contract (NGZ26): Up 4.7 Cents & Testing the 13-Period EMA

00:47 – Hourly Chart: Daily Pivot (2.954), First Resistance (2.988) & Second Resistance (3.03)

01:19 – EIA Storage: +77 Bcf vs. +39 Last Year & +61 Five-Year Average

01:48 – Storage vs. Record Highs: 246 Bcf to Go Before 2016's 4.047 Tcf

02:43 – February Contract: Channel Test & RSI Turning Up

03:12 – ERCOT: Light Demand, Low Wind & Gas at 38% of the Fuel Mix

03:46 – Power Markets: PJM, MISO, SPP & ISO New England

04:29 – 6–10 & 8–14 Day Outlooks: Above Normal in the Upper Midwest

05:01 – US Weather Forecast Maps: Cold into the Midwest & Northeast

06:28 – Temperature Anomaly Maps: Texas Cold This Weekend, East Cold Nov 13

07:29 – Global Map: Cold Building in Siberia & East of the Urals

08:24 – Europe Weather Forecast

08:55 – UK December Contract: Triple-Peak RSI

09:32 – EU Storage (73.8%), Germany (60%) & Country Levels

10:13 – UK: LNG & Norway Supply, Total Storage (Under 43%) & Rough at Zero

10:52 – UK Power Grid: Gas at 57.6%, Wind at 5.1%

11:12 – Asia Weather: City Temperatures & Tropical Storms

12:02 – Asia Temperature Forecast: Cold for the Koreas, Japan & Eastern China

12:31 – Seoul & Tokyo Forecasts

13:15 – LNG: Kitimat Vessel Traffic

13:46 – US LNG Terminals (Cameron, Freeport, Creole Trail, Corpus Christi, Calcasieu, Plaquemines & Golden Pass)

14:48 – Teleconnections: AO Turning Negative, NAO Negative Next Week, PNA Positive

15:16 – Atlantic: One System (20% Chance)

15:35 – Arctic Sea Ice & Hudson Bay

16:33 – Sudden Stratospheric Warming (SSW): Mid-November Watch

17:01 – US Nuclear Fleet Outages (19.1 GW)

17:16 – Oil & Gas E&P Stocks: One-Week Performance

17:36 – Recap: December at 2.986, Up 3.9 Cents & Close

18:13 – End Card