What's New in Natural Gas - November Futures (NGX26 @ 2.537) | 10.26.2026
Top News for Natural Gas:
1.) Weather models still too warm
2.) NG falls to late April low
3.) Global LNG prices hitting 3-year high
4.) November futures expire Wednesday
In today’s natural gas market update for Monday, October 26, 2026, Elk Trading Company President Tim Beggans breaks down the latest market-moving news across US spot contracts and global energy markets.
We cover why US spot November futures (NGX26) are gapping lower toward late-April lows near $2.49 ahead of Wednesday's contract expiration, persistent warm US weather outlooks, and surging power grid spikes. Meanwhile, global energy dynamics tell a starkly different story: European TTF benchmark prices surge to 3-year highs amid tightening winter storage, cold weather arrives across Europe and Asia, and LNG export terminals push near capacity.
What are your expectations heading into November contract expiration? Let us know your outlook and price targets in the comments below!
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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
00:00 – Top News: US Weather, April Lows, Global LNG & Expiration
00:40 – Spot November Contract (NGX26) Technical Analysis & Gap Down
01:32 – Hourly Chart Support Levels & Potential Gap Fill
02:05 – US Weather Forecast: 6–10 & 8–14 Day Temperature Outlooks
02:26 – Power Grid Demand & Renewables Market Share (ERCOT & National)
03:16 – November Futures Open Interest & Options Strike Levels ($2.50 Strike)
03:56 – Extended US Temperature Models & Storage Injection Implications
04:36 – Global Markets: Dutch TTF Hits 3-Year High ($27.80/MMBtu)
05:08 – Europe & Asia Winter Weather Outlook & EU Storage Levels
06:00 – UK & Norway Gas Supply Dynamics & Storage Capacity Concerns
08:24 – Pacific Tropical Storm Updates & Regional Forecasts
09:23 – Geopolitical Updates: Strait of Hormuz Incident
09:47 – LNG Export Terminal Flows: Canada LNG, Cameron, Freeport & Plaquemines
11:20 – US Nuclear Fleet Outages & Five-Year Lows
11:46 – Teleconnections, Arctic Cold Air & Sea Surface Temperatures (El Niño)
13:35 – Energy E&P Stock Performance & High Short Interest Names
14:09 – Daily Market Recap & Closing Thoughts
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