Infinity Insights-Volume 10, Issue 8

AT-A-GLANCE SUMMARYSpot month NYMEX natural gas fell to the 1.60 area with a lack of weather and a sympathetic trend for all things lower due to coronavirus.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (April) has support at 1.60 with resistance at 1.75 then 1.87. Calendar year 2021 finds support at 2.25 with resistance at 2.32. Calendar year 2022 has support at 2.37 with resistance at 2.45.RoadmapNYMEX natural gas spot month (April) finished down by $0.233 at $1.684.Calendar 2021Calendar 2021 ended off by ≤$0.05 at $2.275.Calendar 2022Calendar 2022 ended the week at $2.3675, off by ≈$0.01.

OUR TAKE ON THE MARKET

NYMEX Natural GasSpot month NYMEX natural gas fell to the 1.60 area with a lack of weather and a sympathetic trend for all things lower due to coronavirus.The drama of the fall is eye-opening but it does not extend far down the curve. The longer-term, deferred start values are basically unchanged. Often with the emotion surrounding big moves come irrational decisions that should be examined.  Do the numbers.WHOLESALE POWERERCOTPower prices have been volatile with immediate starts but not in the deferred tenures (months). The swing of prices can be disconcerting but do the numbers. Where are the values?PJMPower prices have been volatile with immediate starts but not in the deferred tenures (months). The swing of prices can be disconcerting but do the numbers. Where are the values?