Infinity Insights-Volume 10, Issue 24
AT-A-GLANCE SUMMARY
Spot month NYMEX natural gas (July) held 1.60 support.
SUMMARY OF THE LAST WEEK IN CHARTS
Spot month natural gas (July) has support at 1.60 with resistance at 185. Calendar year 2021 finds support at 2.60 then 2.50 with resistance at 2.75. Calendar year 2022 has support at 2.40 with resistance at 2.55.RoadmapNYMEX natural gas spot month (July) was down by $0.062at $1.669 versus last Friday’s close.
Calendar 2021Calendar 2021 finished at $2.6475, off ≤$0.0075.
Calendar 2022Calendar 2022 settled lower by ≤$ 0.0225 at $2.4450.
OUR TAKE ON THE MARKET
NYMEX Natural Gas
Spot month NYMEX natural gas (July) held 1.60 support. Back of the curve was lightly traded and also held support. The market is drifting into the summer doldrums, waiting for some news (weather).
WHOLESALE POWER
ERCOT
Prices remain static with little feature.
PJM
Prices were steady to slightly higher.
Stay Safe!