Natural Gas (NG) May (K) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Natural Gas (Henry Hub)
Every May natural gas contract 2011–2026, measured over its tenure as the lead contract · Typically leads Mar 24 – Apr 22
The May contract leads through most of April, early injection season, and its file is a study in late resolution on a knife edge: a dead-even 8 and 8 record, but 13 of 16 tenures finishing within five sessions of their defining extreme, tied for the board’s highest. Whichever story April tells, storage builds or spring cold, this contract has ridden it to the end.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. Tenure lengths vary by a few trading days from year to year, so day counts differ slightly at the tail. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.