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Natural gas (Henry Hub) price today: trend, volatility and seasonality

Data updated October 13, 2026

3.161usd/mmbtu−3.73% today

Natural gas (Henry Hub) last traded at 3.161 usd/mmbtu (close of October 13, 2026), down 10.9% year to date and up 5.3% over twelve months.

It is without a clear trend: the price and its 50-day average sit on different sides of the 200-day average, with the price 7.2% above that average.

Over the past 52 weeks it has ranged between 2.523 and 6.800; today's price sits at 18% of that range.

One-month volatility is 46% annualised, close to the middle of its historical range, and the largest fall from a high in the last year was 62.9%.

Returns by period

1W
+5.4%
1M
+16.0%
3M
+13.1%
6M
+26.3%
Year to date
−10.9%
1Y
+5.3%
3Y
—
5Y
—

Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.

Natural gas (Henry Hub) price over five years

4.0006.0002026
Spot price200-day moving average

Trend and risk

Trend (50/200-day)
Mixed
vs 200-day average
+7.2%
RSI (14 days)
64
Momentum 12-1
−9.2%
Volatility 1M
45.6%
Volatility 1Y
90.9%
Max drawdown 1Y
−62.9%
52-week range position
18%

Futures positioning (CFTC COT)

Managed money (hedge funds and CTAs) held a net short position of 144,537 contracts in Natural gas (Henry Hub) (8.0% of open interest), near the most short of the past year. MEDGE reads this as “crowded short”. Report of October 6, 2026.

Natural gas (Henry Hub) COT report: positions, history and what followed extremes →

Questions

How has natural gas (henry hub) performed this year?

As of October 13, 2026, Natural gas (Henry Hub) is −10.9% year to date and +5.3% over the last twelve months, at 3.161 usd/mmbtu.

Is natural gas (henry hub) above its 200-day moving average?

Yes: the price is 7.2% above its 200-day average of 3.062. With the 50-day average on the other side, the trend reads as mixed.

How volatile is natural gas (henry hub)?

Its one-month volatility is 45.6% annualised and one-year volatility 90.9%. Current volatility is at the 42th percentile of all one-month windows in the available history.

Are hedge funds long or short natural gas (henry hub)?

Managed money (hedge funds and CTAs) held a net short position of 144,537 contracts in Natural gas (Henry Hub) (8.0% of open interest), near the most short of the past year. Figures from the CFTC Commitments of Traders report of October 6, 2026.

Related

Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.