Infinity Insights - Volume 10, Issue 43

Written By Guest User

AT-A-GLANCE SUMMARY
NYMEX spot month natural gas (December) traded lower after the presidential election, then recovered some of the losses.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (December) support is 2.80 then 2.65 with resistance at 3.15 then 3.40. Calendar year 2021 finds support at 2.85 with resistance at 3.15. Calendar year 2022 has support at 2.60 with resistance at 2.85.

Roadmap

NYMEX natural gas spot month (December) finished at $2995,
better by $0.107 compared to last Friday’s close

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Calendar 2021
Calendar 2021 ended $0.055 firmer at $2.985

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Calendar 2022
Calendar 2022 closed at $2.766, ≤$0.0025 higher than last Friday

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OUR TAKE ON THE MARKET

NYMEX Natural Gas

NYMEX spot-month natural gas (December) traded lower after the presidential election, then recovered some of the losses. Holding 2.80 support, it has since firmed to 3.00 level. The calendar strips likewise sold off and subsequently rallied to midpoints of price action. The direction likely sideways while awaiting weather news.

WHOLESALE POWER

ERCOT

Power continues to mirror natural gas, up and down.

PJM

Power continues to mirror natural gas, up and down.

Stay Safe!

Guest User
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