Natural Gas (NG) August (Q) 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 August natural gas contract 2010–2025, measured over its tenure as the lead contract · Typically leads Jun 24 – Jul 23
The August contract leads through most of July, the heart of cooling season, and its record splits by era as cleanly as any file we track: choppy and mild through the 2010s, then violent in the 2020s, with a 22% winner in 2021, a 15% winner in 2022, and back-to-back losses near 20% in 2024 and 2025. The LNG era rewired this month, and its file shows the seam.
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.