Infinity Insights - Volume 10, Issue 41

Written By Guest User

AT-A-GLANCE SUMMARY
November 2020 NYMEX natural gas expired Wednesday at 3.019. December 2020 rolled into spot Thursday, falling to 3.15ish before firming up. Simply put, prices are resilient.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (December) support is 3.00 with resistance at 3.50. Calendar year 2021 finds support at 3.00 with resistance at 3.25. Calendar year 2022 has support at 2.70 with resistance at 3.00.

Roadmap

NYMEX natural gas spot month (December) closed up at $3.354, $0.159 higher compared to last Friday’s close.

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Calendar 2021
Calendar 2021 finished $0.09 better at $3.15

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Calendar 2022
Calendar 2022 settled at $2.8075, ≤$0.06 firmer than last Friday

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OUR TAKE ON THE MARKET


NYMEX Natural Gas

November 2020 NYMEX natural gas expired Wednesday at 3.019. December 2020 rolled into spot Thursday, falling to 3.15ish before firming up. Simply put, prices are resilient.

Our outlook is that the presidential election next week doesn’t appear to affect natural gas pricing, a bullish tell. Going forward, either candidate will likely stay the current course, at least for a while.

WHOLESALE POWER

ERCOT

Prices follow natural gas.

PJM

Prices follow natural gas.

Stay Safe!

Guest User
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