Infinity Insights-Volume 10, Issue 15

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas traded between 1.50 support and resistance between 1.90 and 1.80 in the self-liquidating fashion of an expiring month

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (May) has support at 1.70 then 1.60 with resistance at 1.90. Calendar year 2021 finds support at 2.50 with resistance at 2.68. Calendar year 2022 has support at 2.35 with resistance at 2.52.RoadmapNYMEX natural gas spot month (May) settled higher by $0.02 at $1.753 compared to last Friday’s close.Calendar 2021Calendar 2021 ended ≤$0.03 better at $2.6225.Calendar 2022Calendar 2022 was up by ≤$0.02 at $2.4725.

OUR TAKE ON THE MARKET

NYMEX Natural GasSpot NYMEX natural gas traded between 1.50 support and resistance between 1.90 and 1.80 in the self-liquidating fashion of an expiring month. The back of the curve remains steady at recent highs. Trade remains low volume but suggests underlying support. Indicators remain bullish past balance of 2020.

WHOLESALE POWER

ERCOT

Power prices continue to follow natural gas.

PJM

Power prices continue to follow natural gas.