Infinity Insights-Volume 10, Issue 18

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AT-A-GLANCE SUMMARY

Spot month NYMEX natural gas (June) traded to the high side of the channel and retreated.

SUMMARY OF THE LAST WEEK IN CHARTS

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Spot month natural gas (June) has support at 1.80 with resistance at 2.15.Calendar year 2021 finds support at 2.55 with resistance at 2.90. Calendar year 2022 has support at 2.35 with resistance at 2.60.RoadmapNYMEX natural gas spot month (June) closed lower by $0.067at $1.823 compared to last Friday’s close.Calendar 2021Calendar 2022 finished down by ≤$0.01 at $2.505.Calendar 2022Calendar 2022 was up by ≤$0.0265 at $2.4985.

OUR TAKE ON THE MARKET

NYMEX Natural Gas

Spot month NYMEX natural gas (June) traded to the high side of the channel and retreated to the bottom:

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Remains in a 2.15 to 1.80 range. The back of the curve is likewise taking a rest. There aren’t fireworks, as open interest indicates light liquidation.The trend remains bullish. Pullbacks are opportunities.

WHOLESALE POWER

ERCOT

Power prices remain static.PJM

Power prices remain static.

Stay Safe!

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