AgenticInvestor

German THE Natural Gas Futures

Energy · Monthly series · CM-GNM1.ICEENDEX

Latest, October 2026

105.37 EUR/MWH

+43.2% from September 2026

Open interactive chartGerman THE Natural Gas Futures in the app

326.3156.9-12.59November 2016October 2027
History through October 2026, the forecast path to October 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for October 2027: 68.28 EUR/MWH, with an 80% interval of 13.55 EUR/MWH to 250.91 EUR/MWH.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 2026106.03 EUR/MWH70.10 EUR/MWH151.28 EUR/MWH
December 2026100.41 EUR/MWH48.39 EUR/MWH180.05 EUR/MWH
January 202795.31 EUR/MWH6.77 EUR/MWH251.63 EUR/MWH
February 202788.57 EUR/MWH33.94 EUR/MWH200.80 EUR/MWH
March 202784.52 EUR/MWH0.25 EUR/MWH272.54 EUR/MWH
April 202779.59 EUR/MWH-8.94 EUR/MWH301.07 EUR/MWH
May 202775.06 EUR/MWH-7.89 EUR/MWH299.47 EUR/MWH
June 202772.93 EUR/MWH11.31 EUR/MWH248.31 EUR/MWH
July 202771.45 EUR/MWH-12.59 EUR/MWH326.35 EUR/MWH
August 202769.94 EUR/MWH0.01 EUR/MWH291.55 EUR/MWH
September 202769.07 EUR/MWH5.50 EUR/MWH279.40 EUR/MWH
October 202768.28 EUR/MWH13.55 EUR/MWH250.91 EUR/MWH

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-14.

AI confidence

Mixed evidence

The tests show no consistent, material advantage over the no-change baseline.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+1%Matches the no-change baseline over 10 tests (10 tests, 6 won)
Direction
57%No clear edge over a coin flip (68 of 120 calls right in 10 tests)
Turning points
8 of 43Anticipated some turns (43 turns in 10 tests, 0 without a turn)
Error vs baseline
1% lowerError ratio 0.99; 1.00 is a tie.
Tests won
6 / 10Complete rolling backtests; ties count as no win.
Test period
2016-11-01 to 2026-10-0112 observations ahead per test.
80% band coverage
82%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare four classes, subject to call budgets and retry limits.

Reading

It is above 94% of the 119 earlier readings since November 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
October 2026105.37 EUR/MWH
September 202673.58 EUR/MWH
August 202670.85 EUR/MWH
July 202659.51 EUR/MWH
June 202644.16 EUR/MWH
May 202646.54 EUR/MWH
April 202646.54 EUR/MWH
March 202651.81 EUR/MWH
February 202633.43 EUR/MWH
January 202641.03 EUR/MWH
December 202530.00 EUR/MWH
November 202530.33 EUR/MWH
October 202532.28 EUR/MWH
September 202532.36 EUR/MWH
August 202532.61 EUR/MWH
July 202536.49 EUR/MWH
June 202534.10 EUR/MWH
May 202535.06 EUR/MWH
April 202533.17 EUR/MWH
March 202541.75 EUR/MWH
February 202545.27 EUR/MWH
January 202554.08 EUR/MWH
December 202449.86 EUR/MWH
November 202448.90 EUR/MWH

Source

Data: public market data feeds.

More from Agentic Investor

Also stored for Energy