What will Natural Gas (NG) hit in July 2026?

$165.4K Vol.Closes Aug 1, 2026

↓ $2.80$22.3K Vol.58%

↓ $2.60$26.4K Vol.6%

↑ $3.40$30.6K Vol.3%

↑ $3.60$16.5K Vol.2%

↓ $2.40$8.3K Vol.2%

↑ $4.40$19.4 Vol.1%

↑ $3.80$18.8K Vol.1%

↑ $4.20$5.5K Vol.1%

↑ $4.60$268.6 Vol.1%

↓ $2.00$2.6K Vol.1%

And 2 more markets on this event.

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At a glance

What

U.S. natural gas prices are currently trading near $2.89 per MMBtu amid record production and high storage inventories.

Who

The market is dominated by U.S. producers, LNG exporters, and electric power generators facing increased cooling-driven demand in July.

Context

Prices have fallen nearly 10% over the past month and 18% year-over-year due to strong supply fundamentals and reduced export flows.

tradingeconomics.com Reuters

Stakes

A drop below $2.80 would confirm a bearish trend driven by supply abundance, impacting producer margins and regional grid reliability costs.

Note: While Bull arguments cite export-driven long-term growth, current immediate drivers (rising output, lower LNG flows) are pushing prices toward the $2.80 threshold.

Jul 16

U.S. natural gas futures slid 2.3% to settle at $2.888 per MMBtu, marking a two-month low driven by rising output and lower LNG export flows.

Reuters

Jul 17

Natural gas prices briefly rose to $2.91 per MMBtu, up 1.85% from the prior day, though the monthly trend remains down nearly 10%.

tradingeconomics.com

Jul 20

Ample domestic supply continues to shield the U.S. market from Middle East export pressures, keeping prices below $2.87 per MMBtu as a recent two-month low.

tradingeconomics.com

Now

AI-generated briefing. AI can make mistakes. This is not financial advice.

Bull case

Rising electric power consumption is forecast to increase to around 49 Bcf per day in July, representing a 13.2% jump from June and supporting domestic consumption.
aga.org
UBS forecasts the July 2026 US natural gas contract to rise further to $4.50/MMBtu, driven by expectations of rising U.S. natural gas exports in the coming year.
investing.com
Henry Hub futures prices have moved higher as the market enters the peak summer demand period, with the July prompt-month contract averaging $3.21 per MMBtu mid-month.
aga.org

AI-generated briefing. AI can make mistakes. This is not financial advice.

Bear case

Record U.S. natural gas production is meeting rising demand and exerting moderate downward pressure on prices, with the Henry Hub spot price averaging close to $3.70 in 2026 before declining.
eia.gov
LongForecast projects Henry Hub natural gas prices to average $2.517 per MMBtu in July 2026, with a low of $2.361, reflecting a significant downward trend.
j2t.com
Ample underground storage inventories and strong supply fundamentals are expected to keep Henry Hub spot prices relatively stable but偏低, countering price increases despite cooling demand.
aga.org

Commodities

What will Natural Gas (NG) hit in July 2026?

$165.4K Vol.Closes Aug 1, 2026

↓ $2.80$22.3K Vol.58%

↓ $2.60$26.4K Vol.6%

↑ $3.40$30.6K Vol.3%

↑ $3.60$16.5K Vol.2%

↓ $2.40$8.3K Vol.2%

↑ $4.40$19.4 Vol.1%

↑ $3.80$18.8K Vol.1%

↑ $4.20$5.5K Vol.1%

↑ $4.60$268.6 Vol.1%

↓ $2.00$2.6K Vol.1%

And 2 more markets on this event.

View on Polymarket

Sentiment

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Emotions

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Sentiment over time

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Volume over time

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