NGas Forecast for August 31, 2026
Regarding natural gas, the current bullish margin cycle has been completed. We have clearly tested the zone, and distribution has commenced in the 3.00 strike area.
I would highlight the 3.05 level (not visible on the screenshot, but it marks the breakeven point for the call spread). A breakout above this level should, in my view, set the stage for further growth toward another margin move into the 3.25 region.
Congestion at the Panama Canal is forcing some oil and gas tankers to utilize non-standard routes, ranging from detours around South America to potential transit via alternative waterways with intermediate stops.