Natural Gas Weekly Recap - November Futures (NGX26 @ 2.688) | 10.23.2026
In this natural gas market recap, Tim Beggans breaks down the price action for the spot November contract (NGX26) as prices test critical support levels heading into the weekend. We analyze technical indicators, weather outlooks, EIA storage figures, European & Asian gas dynamics, power burn metrics, and energy equities.
Key Topics Covered: • Technical analysis: 13/48 EMAs, daily pivot, and support levels
• EIA storage report recap and regional breakdown
• 6–10 and 8–14 day US temperature forecasts
• ERCOT power mix and renewable generation
• November contract open interest & options positioning
• European storage levels (UK Rough, EU capacity) and NBP pricing
• Asian LNG demand, weather trends, and typhoon updates
• US LNG export terminal flows (Freeport, Cameron, Plaquemines, Corpus Christi)
• Arctic sea ice, polar vortex teleconnections (AO, NAO, PNA), and drought monitor
• Energy sector equity performance & rotation trends
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, High short float over 10%
BKV | CNX | CRGY | CRK | LB | MTDR | NOG
Timestamps
0:00 - Introduction & November Futures Overview
0:46 - 1-Hour Chart & Technical Pivot Levels
1:51 - EIA Storage Report Breakdown
2:22 - US Temperature Outlook (6–10 & 8–14 Day)
3:00 - Power Grid & ERCOT Generation Mix
3:50 - November Expiration Open Interest & Options
4:32 - Nov/Dec Spread Analysis
5:03 - European Model Weather Forecast
6:13 - UK & European Gas Storage (NBP, Rough Storage)
8:55 - Asian Market Outlook & Weather Tracking
10:11 - Strait of Hormuz Geopolitical Update
10:31 - Global & US LNG Export Facility Flows
11:50 - US Nuclear Outages & Atlantic Tropics
12:31 - Polar Vortex Teleconnections & Arctic Sea Ice
13:52 - Stratospheric Warming & US Drought Monitor
14:36 - Oil & Gas E&P Equity Performance
15:38 - Final Market Recap & Wrap-Up
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