Natural Gas Weekly Recap - October Futures (NGV26 @ 2.951) | 09.04.2026
Tim Beggans recaps the week in October NG: holding the 13-period EMA, no 13/48 crossover yet, yesterday’s +30 Bcf storage print, a tightening surplus vs last year and the 5-year average, the Jan–Oct injection spread, cooler ERCOT after Edouard, national heat and power prices, Europe/UK storage and weather swings, Asia cooling, U.S. LNG loadings (including Plaquemines and Golden Pass), tropics, West drought, NOAA’s strong El Niño outlook, and the E&P watch list.
Contract / levels:
October near 2.944–2.951, up ~3–4¢
Holding the 13-period EMA; 13/48 crossover still pending
Daily pivot ~2.941
Upside watch ~2.998
50% pivot-to-support ~2.857
Storage (yesterday):
+30 Bcf — in line with expectations
Last year +50 / 5-year average +37
Bullish vs history, neutral vs the print; surplus vs 5-year average now ~5.2%
NG Stock Watch List Oil & Gas EMP Sector
Market Cap 2-10B, High short float over 10%
BKV | CNX | CRGY | CRK | MTDR | NOG
Timestamps
0:00 – Open: October holding the 13-period EMA
1:12 – Hourly pivots, 50% levels & intraday signals
2:18 – EIA storage recap (+30) and tightening surplus
3:01 – Jan vs October injection spread
3:39 – ERCOT after Edouard: load, wind, solar, gas share
4:11 – National grid (MISO, SPP, PJM)
4:43 – U.S. heat-risk maps; fall knocking
5:52 – Extended models & 6-10 / 8-14 day outlooks
6:56 – Europe weather swings
8:01 – EU / UK storage
8:29 – UK NBP / Hormuz
8:53 – Asia weather & temperatures
10:05 – Ras Laffan empty; Plaquemines tankers
10:27 – U.S. LNG terminals
11:32 – Tropics: Edouard gone, Gulf/Florida watch
12:43 – Hazard outlook, Saharan dust & West drought
13:28 – NOAA El Niño outlook
13:56 – E&P weekly performance
14:21 – Recap & close
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