Turnmarks

NatGas forecast review, 2 to 8 November 2026

The last forecast of the week

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-04

Issued 2026-11-04 18:00 UTC, upward, from a zone between 2.8170 and 2.8450. The next level is 2.9152.

It had not resolved as of 2026-11-09 05:00 UTC: price had not reached its level.

Readings on this market have taken a median of 34 hours to reach the level they named, over the 55 that have.

Session by session

6 November the day: 2.9453 to 2.9972 (+51.9 points), range 115.3

At the close 2.9992 to 2.9673 (-31.9 points), range 109.2

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-06

Released during this session:

US Non Farm Payrolls arrived at 165K against a 65K forecast at 13:30 UTC, alongside an Unemployment Rate of 4.1% against the 4.2% expected. Later in the session, preliminary Michigan Consumer Sentiment printed at 51 against a forecast of 48, while the Baker Hughes Gas Rig Count was reported at 131.

Earlier in the day, EU Retail Sales MoM crossed at -0.7% against a forecast of -0.1%.

At the close, an upward forecast issued on 4 November expecting a bounce towards 2.9152 had not resolved, finishing 52.1 points from the target.

Before the American session 2.9784 to 3.0003 (+21.9 points), range 63.2

Released during this session:

Major US economic prints are scheduled ahead for the upcoming session, starting at 13:30 UTC with Non Farm Payrolls expected at 65K and the Unemployment Rate forecasted at 4.2%. Preliminary Michigan Consumer Sentiment is due at 15:00 UTC with a forecast of 48.2. Earlier in the morning window, EU Retail Sales MoM fell 0.7% against an expected 0.1% decline.

At 12:00 UTC, the upward bounce forecast issued on 4 November remained standing, with price sitting 85.1 points past its target of 2.9152.

Due in the next session:

Before the European session 2.9392 to 2.9791 (+39.9 points), range 81.2

Released during this session:

At the close of the window, an upward bounce forecast issued on 4 November remained standing, targeting 2.9152 from a zone between 2.8170 and 2.8450. The close at 2.9791 left price 63.9 points beyond the target band.

During the session, Fed Official Logan spoke at 00:00 UTC. Ahead in the European session, EU Retail Sales MoM is scheduled for 10:00 UTC with a forecast of -0.1%.

Due in the next session:

5 November the day: 2.9414 to 2.9473 (+5.9 points), range 74.3

At the close 2.9321 to 2.9424 (+10.3 points), range 74.3

Released during this session:

The upward forecast issued on 4 November, targeting 2.9152 from the 2.8170–2.8450 zone on a bounce, was still standing at the 21:00 UTC close.

During the session, US preliminary unit labour costs fell to -0.7% against a 0.6% forecast, while preliminary nonfarm productivity rose to 3.6% against the expected 2.8%. US initial jobless claims printed at 189K against a forecast of 196K. Speeches by Fed officials Hammack and Barkin, as well as ECB President Lagarde, were also scheduled within the window.

Due in the next session:

Before the American session 2.9384 to 2.9311 (-7.3 points), range 36.3

Released during this session:

At 12:00 UTC, an upward bounce forecast issued at 18:00 UTC on 4 November was still standing, with its target at 2.9152 sitting 15.9 points from the close.

During the session, no reading was available for the S&P Global Construction PMI. Routine US data scheduled ahead of the American session includes Initial Jobless Claims and preliminary Nonfarm Productivity figures.

Due in the next session:

Before the European session 2.9503 to 2.9394 (-10.9 points), range 25.1

A bounce forecast issued at 18:00 UTC on 4 November was still standing at 06:00 UTC, leaving price 24.2 points from its 2.9152 target.

Ahead in the European session, the Eurozone S&P Global Construction PMI is scheduled for 08:30 UTC.

Due in the next session:

4 November the day: 2.8992 to 2.9441 (+44.9 points), range 165.0

At the close 2.8844 to 2.9493 (+64.9 points), range 117.3

Released during this session:

Five down-trend bounce forecasts resolved at 17:00 UTC. Four reached their targets while one was withdrawn.

In economic news, US ISM Services PMI landed at 15:00 UTC at 54.5 against a forecast of 54.8, following the earlier European flash inflation print at 10:00 UTC which matched the expected 4%.

A new up-trend bounce forecast was issued at 18:00 UTC with a target band near 2.9152. At the close it was still standing, with price sitting 34.1 points from the target.

Before the American session 2.8813 to 2.8861 (+4.8 points), range 50.2

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-04

Released during this session:

At 12:00 UTC, a downward forecast issued on 29 October targeting 2.9191 as a bounce remained live, sitting 33.0 points from its target band at the close of the morning window.

During the session, the major EU Inflation Rate YoY Flash was released at 4%, matching the forecast figure.

Looking ahead to the US session, the ISM Services PMI is scheduled for release at 15:00 UTC with a forecast of 54.8.

Due in the next session:

Before the European session 2.9024 to 2.8801 (-22.3 points), range 71.9

Released during this session:

A major release is scheduled ahead at 10:00 UTC, when EU Inflation Rate YoY Flash is expected at 3.9% (with a secondary estimate of 4%).

During the session, the US API Crude Oil Stock Change printed at -5.267M against a forecast of 1.75M.

At the close, a downward forecast issued on 29 October at 20:00 UTC targeting 2.9191 on a bounce leg had not resolved, with the quote finishing 39.0 points short of the target band.

Due in the next session:

3 November the day: 2.8542 to 2.8992 (+45.0 points), range 82.0

At the close 2.8883 to 2.9013 (+13.0 points), range 82.0

Resolved here: the forecast issued 2 November at 18:00 reached its invalidation level, 2.8604, at 14:00 UTC.

Resolved here: the forecast issued 2 November at 22:00 reached its invalidation level, 2.8583, at 14:00 UTC.

Released during this session:

Two forecasts targeting downward moves on a bounce leg resolved at 14:00 UTC, with both reaching their respective targets.

At 15:00 UTC, US JOLTs Job Openings landed at 7.523M against a 7.1M forecast, alongside Factory Orders MoM at 1.8% against a 1.2% forecast and Durable Goods Orders Excluding Transportation at 0.5%. Earlier in the day, US Midterm Elections took place with no economic reading printed.

At the close, an earlier forecast issued on 29 October remained standing on a bounce leg, with the market 17.8 points from the target.

Due in the next session:

Before the American session 2.8724 to 2.8891 (+16.7 points), range 37.0

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-03

Major US data lies ahead in the coming session, with JOLTs Job Openings expected at 15:00 UTC alongside a forecast of 7.13M.

At the close of the window, a downward forecast issued on 2 November at 22:00 UTC remained unresolved. The call, tracking a bounce leg toward a target band at 2.8583 against a entry zone of 2.9243 to 2.9508, stood 30.8 points away from its target.

Due in the next session:

Before the European session 2.8632 to 2.8734 (+10.2 points), range 34.8

Released during this session:

US Midterm Elections were on the calendar at 00:00 UTC, for which no reading is available.

A downward forecast on a bounce leg was issued at 22:00 UTC, setting a target at 2.8583 from a zone between 2.9243 and 2.9508. At the close of the window, the forecast was still standing, with price sitting 15.1 points from the target.

2 November the day: 2.8762 to 2.8583 (-17.9 points), range 129.1

At the close 2.9301 to 2.8641 (-66.0 points), range 125.0

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-02

Resolved here: the forecast issued 29 October at 21:00 reached its invalidation level, 2.9004, at 15:00 UTC.

Resolved here: the forecast issued 29 October at 23:00 reached its invalidation level, 2.8902, at 17:00 UTC.

Resolved here: the forecast issued 30 October at 22:00 reached its invalidation level, 2.8516, at 17:00 UTC.

Released during this session:

Three downward bounce forecasts resolved during the session as prices reached their targets, with the first hitting its level at 15:00 UTC and two more reaching theirs at 17:00 UTC. Also at 15:00 UTC, US ISM Manufacturing PMI landed at 55.5 against a forecast of 54.6.

A new downward bounce forecast was issued at 18:00 UTC. At the close it had not resolved, sitting 3.7 points from its target. Major event risk lies ahead at 00:00 UTC with US Midterm Elections scheduled on the calendar.

Due in the next session:

Before the American session 2.9214 to 2.9311 (+9.7 points), range 55.9

Natural gas (NatGas) hourly bars with the forecast drawn forward from 2026-11-02

Major US economic data lies ahead in the coming session, with the ISM Manufacturing PMI scheduled for 15:00 UTC against a forecast of 54.6.

A downward forecast issued on 30 October remained standing at the 12:00 UTC close. The call tracks a bounce leg targeting 2.8516, leaving price 79.5 points from the target band as the session ended.

Due in the next session:

Before the European session 2.8762 to 2.9203 (+44.1 points), range 78.3

Natural Gas expanded its range overnight to 78.3 points, bringing price back into the entry zone of a standing forecast.

At 06:00 UTC, a downward forecast issued on 30 October was still standing. The move into the 2.9151–2.9405 zone marked its bounce leg, with the close at 2.9203 leaving price 68.7 points above the 2.8516 target.

How the week ended

How the week ended

Forecasts that ended this week10
Reached the level they named5
Ended without reaching it5
Issued this week3
Still standing on Sunday1
Week open to close2.8762 to 2.9972 (+121.0 points)
Week range2.8334 to 3.0344 (201.0 points)

The week

10 forecasts ended for NatGas during the week of 2 to 8 November 2026. Of these, 5 reached their target band and 5 ended another way. Over the same period, 3 forecasts were issued, 1 of which remained open on Sunday.

NatGas opened the week at 2.8762 and closed at 2.9972. The market reached a high of 3.0344 and a low of 2.8334, spanning a weekly range of 201.0 points and a net change of 121.0 points.

A forecast issued on 4 November 2026 published an upward trend targeting 2.9152, with the lower edge of the zone at 2.8170 and the upper edge at 2.8450. That forecast remained live at the close of the week.

Every forecast that ended this week

IssuedDirectionCorridorContinuationInvalidationReachedEnded
2026-10-27 14:00down3.1064 - 3.13463.0358bounce2026-11-04 17:00
2026-10-29 13:00down3.0115 - 3.03792.9454bounce2026-11-04 17:00
2026-10-29 15:00down3.0042 - 3.03222.9342bounce2026-11-04 17:00
2026-10-29 19:00down2.9990 - 3.02782.9271bounce2026-11-04 17:00
2026-10-29 20:00down2.9898 - 3.01812.9191bounce2026-11-04 17:00
2026-11-02 18:00down2.9300 - 2.95782.8604bounce2026-11-03 14:00
2026-11-02 22:00down2.9243 - 2.95082.8583bounce2026-11-03 14:00
2026-10-29 23:00down2.9589 - 2.98642.8902bounce2026-11-02 17:00
2026-10-30 22:00down2.9151 - 2.94052.8516bounce2026-11-02 17:00
2026-10-29 21:00down2.9703 - 2.99832.9004bounce2026-11-02 15:00

On the calendar this week

Back to the NatGas forecast