Natural Gas (NG) July (N) 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 July natural gas contract 2011–2026, measured over its tenure as the lead contract · Typically leads May 23 – Jun 22
The July contract leads through most of June, peak summer-optimism season, and its file is the summer mirror of the winter trap: down 10 of 16 with a −3.2% median, because by the time this contract holds the board, the summer heat story is already in the price, and June’s actual weather has more often disappointed it than beaten it.
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.