Run Details

State

Completed

Started At

September 03, 2026 at 03:17 PM

Completed At

September 03, 2026 at 03:18 PM

Duration

2 minutes

Headline

Daily Natural Gas Report - October Futures (NGV26 @ 2.988) | 09.03.2026

Data Preview

{
  "title": "Daily Natural Gas Report - October Futures (NGV26 @ 2.988) | 09.03.2026",
  "filter": {
    "keywords": [
      "natural gas"
    ],
    "match_mode": "any",
    "match_fields": [
      "title",
      "description"
    ],
    "semantic_filter": true
  },
  "source": "youtube",
  "channel": {
    "url": "https://www.youtube.com/@ElKTradingCoLLC",
    "title": "ELK TRADING Co LLC | Natural Gas Trading",
    "handle": "ElKTradingCoLLC",
    "channel_id": "UCcvcKcyIO_nhZrRubvfxO3w"
  },
  "matched": true,
  "insights": {
    "risks": [
      "Storage report coming in above +37 BCF could lead to bearish sentiment.",
      "Hurricane season in the Mid-Atlantic could impact energy markets."
    ],
    "topics": [
      "Natural Gas Futures",
      "Natural Gas Storage (EIA)",
      "Weather Forecasts (US, Europe, Asia)",
      "LNG Exports (US)",
      "Power Markets (ERCOT, SPP, PJM, MISO)",
      "Drought Conditions (US)",
      "Panama Canal Water Levels",
      "Hurricane Season"
    ],
    "summary": "The natural gas market is currently trading higher, with the October futures contract up almost 1%. Storage expectations for today are around +30 BCF. The market is showing some bullish technical indicators, but overall momentum is narrow. Weather forecasts indicate continued heat in the central and eastern US, while Europe is expecting cooler temperatures, which could impact storage levels. LNG exports from the US are showing mixed activity, with some pipelines running at full capacity and others experiencing maintenance.",
    "entities": [
      {
        "name": "Natural Gas",
        "type": "commodity",
        "context": "October futures contract, storage, fuel mix"
      },
      {
        "name": "Tim Beggins",
        "type": "person",
        "context": "President of Elk Trading Company"
      },
      {
        "name": "Elk Trading Company",
        "type": "organization",
        "context": "Speaker's company"
      },
      {
        "name": "EIA",
        "type": "organization",
        "context": "Energy Information Administration, source of storage data"
      },
      {
        "name": "ERCOT",
        "type": "organization",
        "context": "Electric Reliability Council of Texas, source of demand and generation data"
      },
      {
        "name": "Texas",
        "type": "region",
        "context": "Weather and power demand"
      },
      {
        "name": "Houston",
        "type": "region",
        "context": "Weather impact from Edouard"
      },
      {
        "name": "North Carolina",
        "type": "region",
        "context": "Heat risk"
      },
      {
        "name": "Virginia",
        "type": "region",
        "context": "Heat risk"
      },
      {
        "name": "Washington D.C.",
        "type": "region",
        "context": "Heat risk"
      },
      {
        "name": "Chicago",
        "type": "region",
        "context": "Heat risk, cooler temperatures"
      },
      {
        "name": "St. Louis",
        "type": "region",
        "context": "Heat risk, above normal temperatures"
      },
      {
        "name": "Pacific Northwest",
        "type": "region",
        "context": "Cooler temperatures"
      },
      {
        "name": "Ohio",
        "type": "region",
        "context": "Cooler temperatures"
      },
      {
        "name": "Michigan",
        "type": "region",
        "context": "Cooler temperatures"
      },
      {
        "name": "New England",
        "type": "region",
        "context": "Cooler temperatures, power market volatility"
      },
      {
        "name": "Desert Southwest",
        "type": "region",
        "context": "Heat dome"
      },
      {
        "name": "North Dakota",
        "type": "region",
        "context": "Cooler temperatures"
      },
      {
        "name": "Washington State",
        "type": "region",
        "context": "Cooler temperatures"
      },
      {
        "name": "Europe",
        "type": "region",
        "context": "Weather and gas storage"
      },
      {
        "name": "Spain",
        "type": "region",
        "context": "Warmer temperatures"
      },
      {
        "name": "France",
        "type": "region",
        "context": "Warmer temperatures, cooler temperatures expected"
      },
      {
        "name": "UK",
        "type": "region",
        "context": "Warmer temperatures"
      },
      {
        "name": "Germany",
        "type": "region",
        "context": "Cooler temperatures expected, gas storage"
      },
      {
        "name": "Belgium",
        "type": "region",
        "context": "Gas storage"
      },
      {
        "name": "Netherlands",
        "type": "region",
        "context": "Gas storage"
      },
      {
        "name": "Poland",
        "type": "region",
        "context": "Cooler temperatures expected"
      },
      {
        "name": "Mongolia",
        "type": "region",
        "context": "Cooler temperatures pushing into China"
      },
      {
        "name": "Siberia",
        "type": "region",
        "context": "Cooler temperatures pushing into China"
      },
      {
        "name": "China",
        "type": "region",
        "context": "Tropical depression, weather forecast"
      },
      {
        "name": "India",
        "type": "region",
        "context": "Wetter weather"
      },
      {
        "name": "Philippines",
        "type": "region",
        "context": "Wetter weather"
      },
      {
        "name": "Southeast Asia",
        "type": "region",
        "context": "Wetter weather"
      },
      {
        "name": "Hong Kong",
        "type": "region",
        "context": "Temperature"
      },
      {
        "name": "Tokyo",
        "type": "region",
        "context": "Temperature"
      },
      {
        "name": "Beijing",
        "type": "region",
        "context": "Temperature, warmer then cooler temperatures"
      },
      {
        "name": "New Delhi",
        "type": "region",
        "context": "Temperature"
      },
      {
        "name": "Cameron LNG",
        "type": "organization",
        "context": "LNG facility with maintenance"
      },
      {
        "name": "Golden Pass",
        "type": "organization",
        "context": "LNG facility with tanker loading"
      },
      {
        "name": "Creole Trail",
        "type": "organization",
        "context": "Pipeline feeding Sabine Pass"
      },
      {
        "name": "Sabine Pass",
        "type": "organization",
        "context": "LNG facility"
      },
      {
        "name": "Corpus Christi",
        "type": "organization",
        "context": "LNG facility running at near nameplate capacity"
      },
      {
        "name": "Venture Global Calcasieu Pass",
        "type": "organization",
        "context": "LNG facility"
      },
      {
        "name": "Placquemines",
        "type": "organization",
        "context": "LNG facility running over nameplate capacity"
      },
      {
        "name": "Edouard",
        "type": "concept",
        "context": "Tropical depression remnants"
      },
      {
        "name": "Gulf of Mexico",
        "type": "region",
        "context": "Water temperatures"
      },
      {
        "name": "Mid-Atlantic",
        "type": "region",
        "context": "Storm activity, hurricane season"
      },
      {
        "name": "Cape Verde Islands",
        "type": "region",
        "context": "Storm activity"
      },
      {
        "name": "Panama Canal",
        "type": "organization",
        "context": "Gatun Lake water levels"
      },
      {
        "name": "Gatun Lake",
        "type": "concept",
        "context": "Water levels for Panama Canal"
      },
      {
        "name": "El Niño",
        "type": "concept",
        "context": "Weather conditions affecting Panama Canal"
      },
      {
        "name": "Oklahoma",
        "type": "region",
        "context": "Drought conditions"
      },
      {
        "name": "New Mexico",
        "type": "region",
        "context": "Drought conditions"
      },
      {
        "name": "Colorado",
        "type": "region",
        "context": "Drought conditions, headwaters"
      },
      {
        "name": "Southern Idaho",
        "type": "region",
        "context": "Drought conditions"
      },
      {
        "name": "Oregon",
        "type": "region",
        "context": "Drought conditions"
      },
      {
        "name": "East Coast US",
        "type": "region",
        "context": "Drought improvement"
      },
      {
        "name": "Sahara",
        "type": "region",
        "context": "Dust layer inhibiting storm development"
      }
    ],
    "sentiment": "mixed",
    "confidence": 0.9,
    "key_points": [
      {
        "point": "Natural Gas October futures are trading at 2.988, up 2.7 cents or almost 1%.",
        "timestamp": "00:13",
        "importance": "high"
      },
      {
        "point": "Today is storage day, with expectations for a +30 BCF injection, a low side of +25 BCF, and a high side of +39 BCF.",
        "timestamp": "00:20",
        "importance": "high"
      },
      {
        "point": "Last year's storage injection was +50 BCF, and the five-year average is +37 BCF.",
        "timestamp": "00:30",
        "importance": "medium"
      },
      {
        "point": "For a bullish storage report, we need something below +25 BCF; for bearish, something above +37 BCF.",
        "timestamp": "00:35",
        "importance": "high"
      },
      {
        "point": "The October futures are above the 13 and 48-period exponential moving averages, and the RSI is in positive territory.",
        "timestamp": "00:48",
        "importance": "medium"
      },
      {
        "point": "The 13 and 48-period exponential moving averages are about to cross to the upside, which hasn't been seen in months.",
        "timestamp": "01:14",
        "importance": "high"
      },
      {
        "point": "The market is unconvinced to the upside, with narrow bars on the daily charts.",
        "timestamp": "01:07",
        "importance": "medium"
      },
      {
        "point": "The RSI on the daily chart for October futures is trying to turn to the upside, and the price is above the daily pivot at 2.956.",
        "timestamp": "01:24",
        "importance": "medium"
      },
      {
        "point": "First resistance is at $3.00 and two ticks, and second resistance is at 3.048.",
        "timestamp": "01:33",
        "importance": "medium"
      },
      {
        "point": "The Oct vs Jan front-to-back spread (injection spread) is below $1, at 99 cents, down 2.4 cents today, with the RSI in oversold condition.",
        "timestamp": "01:47",
        "importance": "medium"
      },
      {
        "point": "There is one last gap below the market at 92.7 cents for the spread.",
        "timestamp": "02:01",
        "importance": "medium"
      },
      {
        "point": "ERCOT demand is expected to be just over 83,000 MW today, with renewables at 31,500 MW due to low wind (3,300 MW) and solar (overcast skies).",
        "timestamp": "02:23",
        "importance": "medium"
      },
      {
        "point": "Natural gas accounts for almost 47% of ERCOT's fuel mix, over 30,000 MW.",
        "timestamp": "02:50",
        "importance": "medium"
      },
      {
        "point": "ERCOT battery storage was charging overnight and discharging into the morning, dropping prices from $42 to $28.",
        "timestamp": "03:00",
        "importance": "medium"
      },
      {
        "point": "ERCOT is expected to remain fairly mild due to cool temperatures, but SPP, PJM, and MISO are seeing price spikes, with SPP already at $254 this morning.",
        "timestamp": "03:35",
        "importance": "medium"
      },
      {
        "point": "Over 50 million people are under extreme heat risk today, including parts of Texas, North Carolina, Virginia, Washington D.C., Chicago, and St. Louis.",
        "timestamp": "04:10",
        "importance": "high"
      },
      {
        "point": "The heat dome is starting to dissipate over the weekend, with cooler temperatures coming into the Pacific Northwest, Ohio, Michigan, and New England.",
        "timestamp": "04:30",
        "importance": "medium"
      },
      {
        "point": "Triple-digit temperatures are still expected in the Desert Southwest and Texas around September 16th.",
        "timestamp": "05:14",
        "importance": "medium"
      },
      {
        "point": "Cooler temperatures are expected in the upper Midwest (Chicago 56 degrees) and Pacific Northwest by September 17th, indicating the end of summer for some regions.",
        "timestamp": "05:30",
        "importance": "medium"
      },
      {
        "point": "The 6-10 day temperature outlook shows above-normal temperatures centered around St. Louis, pushing further south in the 8-14 day outlook from Texas to the Carolinas and Florida.",
        "timestamp": "05:54",
        "importance": "medium"
      },
      {
        "point": "Europe is expecting warmer temperatures tomorrow and into the weekend, especially in Spain, France, and parts of the UK, followed by cooler temperatures coming off the Atlantic from Scandinavia.",
        "timestamp": "06:24",
        "importance": "medium"
      },
      {
        "point": "European gas storage is 65.4% full, meaning it will be below 77% full by November 1st, which is not good news.",
        "timestamp": "07:03",
        "importance": "high"
      },
      {
        "point": "Great Britain's gas storage is at 31.3% full, over 12% below last year, indicating they will be hand-to-mouth throughout the winter.",
        "timestamp": "07:19",
        "importance": "high"
      },
      {
        "point": "Germany's gas storage is at 53.3% full and is still below recent lows, meaning they can only reach about 70% full by November 1st.",
        "timestamp": "07:55",
        "importance": "high"
      },
      {
        "point": "The JKM price for January was up almost 2% yesterday, with the RSI still pointing higher.",
        "timestamp": "08:17",
        "importance": "medium"
      },
      {
        "point": "A tropical depression came ashore in Eastern China, bringing wetter weather to India, the Philippines, and Southeast Asia.",
        "timestamp": "08:30",
        "importance": "medium"
      },
      {
        "point": "Temperatures in Houston are currently warmer than New Delhi, India.",
        "timestamp": "08:56",
        "importance": "low"
      },
      {
        "point": "Cooler temperatures are expected to push into much of China, Korea, and parts of Japan from Mongolia and Siberia next week, signaling the end of summer.",
        "timestamp": "09:14",
        "importance": "medium"
      },
      {
        "point": "An LNG tanker is loading at Golden Pass, which is fantastic news as it hasn't been seen in weeks.",
        "timestamp": "09:52",
        "importance": "high"
      },
      {
        "point": "Cameron LNG has maintenance today for 8 hours, limiting pipeline capacity to 1.413 BCF, but it will be back to normal tomorrow.",
        "timestamp": "10:04",
        "importance": "medium"
      },
      {
        "point": "Freeport LNG is running about 1.84 BCF for the last two days.",
        "timestamp": "10:20",
        "importance": "medium"
      },
      {
        "point": "Corpus Christi LNG is running at almost nameplate capacity, just over 2.679 BCF.",
        "timestamp": "10:38",
        "importance": "medium"
      },
      {
        "point": "Placquemines LNG is running over nameplate capacity.",
        "timestamp": "10:57",
        "importance": "medium"
      },
      {
        "point": "Golden Pass Train 1 is at 565,000 out of 800,000-850,000 capacity, and Train 2 is supposed to be mechanically complete by year-end.",
        "timestamp": "11:14",
        "importance": "medium"
      },
      {
        "point": "The Mid-Atlantic hurricane season peaks on September 11th, with storm activity off the coast of Africa heading towards the Cape Verde Islands.",
        "timestamp": "12:44",
        "importance": "high"
      },
      {
        "point": "The Saharan Air Layer continues to inhibit storm development in the Mid-Atlantic.",
        "timestamp": "12:57",
        "importance": "medium"
      },
      {
        "point": "Drought conditions are expanding in the Interior West, Oklahoma, Texas Panhandle, New Mexico, Colorado, Southern Idaho, and Oregon.",
        "timestamp": "13:07",
        "importance": "medium"
      },
      {
        "point": "The East Coast of the US is seeing slight improvement in drought conditions.",
        "timestamp": "13:25",
        "importance": "low"
      },
      {
        "point": "Gatun Lake water levels in Panama are at 84.0 feet, projected to reach 84.4 feet by the end of October, which is good news for LNG tankers due to a low water surcharge (0.47%).",
        "timestamp": "13:40",
        "importance": "medium"
      },
      {
        "point": "The oil and gas E&P sector is mixed, with some profit-taking before the EIA storage report.",
        "timestamp": "14:26",
        "importance": "medium"
      }
    ],
    "trade_ideas": [],
    "price_levels": [
      {
        "note": "Current trading price, up 2.7 cents",
        "value": "2.988",
        "instrument": "Natural Gas October futures (NGV26)",
        "level_type": "other"
      },
      {
        "note": "Daily pivot",
        "value": "2.956",
        "instrument": "Natural Gas October futures (NGV26)",
        "level_type": "pivot"
      },
      {
        "note": "First resistance",
        "value": "3.002",
        "instrument": "Natural Gas October futures (NGV26)",
        "level_type": "resistance"
      },
      {
        "note": "Second resistance",
        "value": "3.048",
        "instrument": "Natural Gas October futures (NGV26)",
        "level_type": "resistance"
      },
      {
        "note": "Current trading price, down 2.4 cents",
        "value": "0.99",
        "instrument": "Oct vs Jan Natural Gas Spread",
        "level_type": "other"
      },
      {
        "note": "Last gap below the market",
        "value": "0.927",
        "instrument": "Oct vs Jan Natural Gas Spread",
        "level_type": "target"
      },
      {
        "note": "Previous high before battery discharge",
        "value": "42.00",
        "instrument": "ERCOT Power Prices",
        "level_type": "other"
      },
      {
        "note": "Current price after battery discharge",
        "value": "28.00",
        "instrument": "ERCOT Power Prices",
        "level_type": "other"
      },
      {
        "note": "Spiked this morning",
        "value": "254.00",
        "instrument": "SPP Power Prices",
        "level_type": "other"
      },
      {
        "note": "Stout",
        "value": "282.00",
        "instrument": "PJM Power Prices",
        "level_type": "other"
      },
      {
        "note": "Expected",
        "value": "567.00",
        "instrument": "MISO Power Prices",
        "level_type": "other"
      }
    ],
    "time_horizon": "short_term",
    "matches_filter": true,
    "data_references": [
      {
        "value": "+30 BCF (expectation)",
        "metric": "Natural Gas Storage",
        "period": "weekly",
        "source": "EIA"
      },
      {
        "value": "+25 BCF",
        "metric": "Natural Gas Storage",
        "period": "weekly (low side)",
        "source": "EIA"
      },
      {
        "value": "+39 BCF",
        "metric": "Natural Gas Storage",
        "period": "weekly (high side)",
        "source": "EIA"
      },
      {
        "value": "+50 BCF",
        "metric": "Natural Gas Storage",
        "period": "last year",
        "source": "EIA"
      },
      {
        "value": "+37 BCF",
        "metric": "Natural Gas Storage",
        "period": "5-year average",
        "source": "EIA"
      },
      {
        "value": "just over 83,000 MW",
        "metric": "System-Wide Demand",
        "period": "current day",
        "source": "ERCOT"
      },
      {
        "value": "31,500 MW",
        "metric": "Renewables Generation",
        "period": "current day",
        "source": "ERCOT"
      },
      {
        "value": "around 3,300 MW",
        "metric": "Wind Generation",
        "period": "current day",
        "source": "ERCOT"
      },
      {
        "value": "over 30,000 MW (almost 47% of total supply)",
        "metric": "Natural Gas Fuel Mix",
        "period": "current day",
        "source": "ERCOT"
      },
      {
        "value": "65.4%",
        "metric": "Underground Gas Storage Fullness (EU)",
        "period": "current",
        "source": "KYOS European Gas Analytics"
      },
      {
        "value": "31.3%",
        "metric": "Underground Gas Storage Fullness (Great Britain)",
        "period": "current",
        "source": "KYOS European Gas Analytics"
      },
      {
        "value": "55.7%",
        "metric": "Underground Gas Storage Fullness (Belgium)",
        "period": "current",
        "source": "KYOS European Gas Analytics"
      },
      {
        "value": "47.7%",
        "metric": "Underground Gas Storage Fullness (Netherlands)",
        "period": "current",
        "source": "KYOS European Gas Analytics"
      },
      {
        "value": "53.3%",
        "metric": "Underground Gas Storage Fullness (Germany)",
        "period": "current",
        "source": "KYOS European Gas Analytics"
      },
      {
        "value": "1,411,112 (out of 1,500,000 design capacity)",
        "metric": "LNG Operating Capacity",
        "period": "current day",
        "source": "Cameron Interstate Pipeline LLC"
      },
      {
        "value": "1,280,000 (out of 1,700,000 design capacity)",
        "metric": "LNG Operating Capacity",
        "period": "current day",
        "source": "Cheniere Creole Trail Pipeline, L.P."
      },
      {
        "value": "2,679,000 (out of 2,700,000 design capacity)",
        "metric": "LNG Operating Capacity",
        "period": "current day",
        "source": "Cheniere Corpus Christi Pipeline, L.P."
      },
      {
        "value": "running over nameplate capacity",
        "metric": "LNG Operating Capacity (Placquemines)",
        "period": "current day",
        "source": "Venture Global Gator Express, LLC"
      },
      {
        "value": "565,000 (out of 800,000-850,000 capacity)",
        "metric": "LNG Operating Capacity (Train 1)",
        "period": "current day",
        "source": "Golden Pass Pipeline"
      },
      {
        "value": "84.0 ft",
        "metric": "Gatun Lake Water Level",
        "period": "September 3, 2026",
        "source": "Panama Canal"
      },
      {
        "value": "84.4 ft",
        "metric": "Gatun Lake Water Level Projection",
        "period": "end of October",
        "source": "Panama Canal"
      },
      {
        "value": "0.47%",
        "metric": "Fresh Water Surcharge",
        "period": "September 3, 2026",
        "source": "Panama Canal"
      }
    ],
    "match_reasoning": "The video substantively discusses natural gas prices, storage, and related market factors like weather and LNG activity."
  },
  "video_id": "uX6V7irx32E",
  "video_url": "https://www.youtube.com/watch?v=uX6V7irx32E",
  "transcript": "",
  "description": "NG Stock Watch List Oil & Gas EMP Sector\nMarket Cap 2-10B, short float over 10% \nBKV | CNX | CRGY | CRK | MTDR | NOG",
  "match_reason": "Matched natural gas (mode: any)",
  "published_at": "2026-09-03T14:30:17Z",
  "thumbnail_url": "https://i.ytimg.com/vi/uX6V7irx32E/hqdefault.jpg",
  "reporting_date": "2026-09-03",
  "analysis_source": "gemini-2.5-flash",
  "duration_seconds": null,
  "matched_keywords": [
    "natural gas"
  ],
  "transcript_available": false
}