Infinity Insights - Volume 13, Issue 34

AT-A-GLANCE SUMMARY

Spot month NYMEX natural gas (November) rallied to resistance at 3.50 and failed.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (November) support at 3.00 with resistance at 3.50. Calendar year 2024 finds support at 3.30 with resistance at 4.00. Calendar year 2025 has support at 3.90 with resistance at 4.35.

Roadmap
NYMEX natural gas spot month (November) finished the week off by $0.102 at $3.236
Compared to close of last Friday

Cal 2024
Calendar 2024 settled higher by ≈$0.0425 at $3.7425
Compared to close of last Friday

Cal 2025
Calendar 2025 closed up ≈$0.0325 at $3.985
Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot month NYMEX natural gas (November) rallied to resistance at 3.50 and failed. It has pulled back to mid-point between that resistance and support at 3.00. Calendar strips moved higher but appear stalling. Prices are above lows but not severely so and offer value for procurement.

WHOLESALE POWER