Natural Gas (NG) June (M) 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 June natural gas contract 2011–2026, measured over its tenure as the lead contract · Typically leads Apr 23 – May 22
The June contract is the bright spot on the widow-maker’s board: 11 winners in 16 tenures, a +6.2% average, and a +5.3% median, the best all-around file in the NG study. It leads from late April through most of May, when summer cooling demand starts getting priced while storage is still being counted, and the market’s surprises in that window have run persistently bullish.
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.