Natural Gas

Energy · Monthly series · OANDA:NATGASUSD

Latest, October 2026

2.61 USD (exchange quote)

-10.0% from September 2026

Open interactive chartNatural Gas in the terminal

Forecast

Forecast for October 2027: 2.66 USD (exchange quote), with an 80% interval of 1.09 USD (exchange quote) to 4.24 USD (exchange quote).

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
November 20262.66 USD (exchange quote)1.59 USD (exchange quote)3.74 USD (exchange quote)
December 20262.66 USD (exchange quote)1.42 USD (exchange quote)3.91 USD (exchange quote)
January 20272.66 USD (exchange quote)1.53 USD (exchange quote)3.80 USD (exchange quote)
February 20272.66 USD (exchange quote)1.39 USD (exchange quote)3.94 USD (exchange quote)
March 20272.66 USD (exchange quote)1.48 USD (exchange quote)3.85 USD (exchange quote)
April 20272.66 USD (exchange quote)1.11 USD (exchange quote)4.21 USD (exchange quote)
May 20272.66 USD (exchange quote)1.09 USD (exchange quote)4.23 USD (exchange quote)
June 20272.66 USD (exchange quote)1.31 USD (exchange quote)4.02 USD (exchange quote)
July 20272.66 USD (exchange quote)1.06 USD (exchange quote)4.27 USD (exchange quote)
August 20272.66 USD (exchange quote)1.09 USD (exchange quote)4.24 USD (exchange quote)
September 20272.66 USD (exchange quote)1.26 USD (exchange quote)4.07 USD (exchange quote)
October 20272.66 USD (exchange quote)1.09 USD (exchange quote)4.24 USD (exchange quote)

Model: AutoETS (statistical). Forecast generated 2026-11-04.

AI confidence

Needs refresh

The data refresh is due. Confidence will be reassessed against the refreshed history.

Model: AutoETS (statistical)

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.

Model comparison

4 of 4 models evaluatedModels are selected on older tests and evaluated on separate recent tests. All four classes completed their backtests.

Models tested

AutoETS scored lowest on the 6 older tests (1.00) and was chosen. The 6 recent tests played no part in the choice and give its grade (1.00). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.

4 model classes completed the tests: Statistical, Foundation model, Neural network, Machine learning.

Every model tested on this series.
ModelClass / libraryOlder testsRecent testsRole
Naive forecast (last value held)Benchmark · CPU1.001.00Benchmark
AutoETS (statistical)Statistical · StatsForecast · CPU1.001.00Serving
Timestral (foundation model)Foundation model · Timestral · GPU1.010.98Tested
N-HiTS (neural network)Neural network · NeuralForecast · CPU1.281.26Tested
CatBoost (machine learning)Machine learning · MLForecast · CPU1.301.14Tested

Reading

It is above 29% 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 20262.61 USD (exchange quote)
September 20262.89 USD (exchange quote)
August 20262.92 USD (exchange quote)
July 20262.80 USD (exchange quote)
June 20263.22 USD (exchange quote)
May 20263.14 USD (exchange quote)
April 20262.65 USD (exchange quote)
March 20262.95 USD (exchange quote)
February 20263.08 USD (exchange quote)
January 20266.00 USD (exchange quote)
December 20253.84 USD (exchange quote)
November 20254.61 USD (exchange quote)
October 20253.60 USD (exchange quote)
September 20253.08 USD (exchange quote)
August 20252.93 USD (exchange quote)
July 20253.06 USD (exchange quote)
June 20253.35 USD (exchange quote)
May 20253.19 USD (exchange quote)
April 20253.25 USD (exchange quote)
March 20254.12 USD (exchange quote)
February 20253.92 USD (exchange quote)
January 20253.37 USD (exchange quote)
December 20243.69 USD (exchange quote)
November 20243.11 USD (exchange quote)

Source

Data: OANDA feed via TradingView.

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