Natural Gas

Energy

$3.21
Front Month NGX26 (Oct 2026)

Updated about 2 hours ago

-24.8
Neutral

Updated about 2 hours ago

Desk

Storage call

Full forecast

+79.8 Bcf

build

As of Oct 14, 2026 · week ending Oct 9, 2026

Seasonal naive 82.0 Bcf

180-day RMSE 41.6 vs 44.1 Bcf seasonal naive. Scorecard

Weather now

Weather stream
Weighted HDD
116.0
Weighted CDD
20.0
GFS–ECMWF HDD spread
-66.9
Convergence
0.16

Hubs driving demand: Midwest (Chicago), East (New York City), Northeast (Boston).

Cycle Oct 15, 2026 · Updated about 4 hours ago

Positioning and curve

COT sentiment

-24.8

Curve structure

Contango

COT chart Forward curve

No price-model number. The next-day model is not live.

Data streams we track

Commitments of Traders (COT)

Latest: Oct 9, 2026

Updated 6 days ago

Natural Gas COT Report: Week of October 9, 2026 Executive summary For the reporting week ended October 9, 2026, Natural Gas (NG) futures saw a continuation of bearish speculative …

View COT reports →

EIA Weekly Natural Gas Storage

Latest: EIA week ending Oct 9, 2026

Updated about 8 hours ago

EIA Weekly Natural Gas Storage Analysis: 2026-10-09 Executive Summary For the week ending October 9, 2026, working gas in underground storage increased by 67 Bcf to reach 3,567 Bc…

View EIA Storage reports →

Weather & Demand

Latest: Cycle Oct 15, 2026

Updated about 4 hours ago

GFS vs ECMWF Demand-Hub Outlook: 2026-10-15 00:00 UTC Executive Summary A massive divergence has emerged between the GFS and ECMWF operational models for the 15-day outlook, leadi…

View Weather reports →

Supply & Demand Balance

Latest: Month of Jul 2026

Updated about 23 hours ago

Behind its usual cadence

Monthly, lags about 2 months.

EIA U.S. dry natural gas production: 2026-07 Snapshot Reporting date: 2026-07-31 Latest value: 355515.0 million cubic feet Source: EIA Open Data APIv2 (natural-gas/prod/sum/data) …

View Balance reports →

Key stats

Updated about 2 hours ago

Front-month price
$3.21
COT sentiment
-24.8
Curve structure
Contango
Latest COT report
Oct 9, 2026

Price vs. Managed Money Net Position

COT detail →

Updated 6 days ago

Loading...

Sentiment Score Over Time

Updated 6 days ago

Loading...

Futures Forward Curve

Contango View Natural Gas futures curve

Updated about 2 hours ago

Loading...

What moves Natural Gas prices

Natural gas is one of the most volatile commodities in the world, driven by weather-led demand, weekly storage builds and draws, and shifting speculative positioning. Cold snaps and heat waves move heating and cooling demand, the EIA's weekly storage report resets the supply-demand balance every Thursday, and the CFTC's Commitments of Traders data shows how managed money is positioned. This hub brings those data streams together so you can see the full picture in one place.

Weather
Heating (winter) and cooling (summer) demand is the single biggest short-term driver. Degree-day forecasts shift demand expectations fast.
Storage
The EIA's weekly working-gas storage build or draw resets the supply-demand balance and is closely watched versus the 5-year average.
Positioning
CFTC managed-money longs and shorts show how speculators are leaning, and crowded positioning can precede sharp reversals.
Production & flows
Dry gas production, LNG export demand, and pipeline flows set the structural supply backdrop.

Frequently asked questions

When is the EIA natural gas storage report released?
The EIA Weekly Natural Gas Storage Report is published every Thursday at 10:30 a.m. ET (with occasional holiday shifts). We fetch, parse, and analyze it as soon as it lands.
When does the CFTC release Commitments of Traders data for natural gas?
The CFTC publishes Commitments of Traders data every Friday afternoon, reflecting positions as of the prior Tuesday.
What does managed money positioning tell me about natural gas?
Managed money net positioning shows how hedge funds and CTAs are leaning. Extreme net-long or net-short readings can signal crowded trades that are vulnerable to reversal.
How do weather forecasts affect natural gas prices?
Colder-than-normal winters raise heating demand and hotter summers raise cooling demand. Our weather stream tracks observed degree days (HDD/CDD) and the latest GFS vs ECMWF 15-day forecasts.