Infinity Insights - Volume 11, Issue 25

Written By Guest User

AT-A-GLANCE SUMMARY
Spot month NYMEX natural gas (August) continues to trade sideways between 3.60 and 3.80.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (August) support is 3.40 with resistance at 3.80. Calendar year 2022 finds support at 3.15 with resistance at 3.30. Calendar year 2023 has support at 2.73 with resistance at 2.95.

Roadmap
NYMEX natural gas spot month (August) ended the week at $3.674, unchanged from last Friday.

Calendar 2022 Calendar 2022 closed higher by ≈$0.02 at $3.2175.

Calendar 2022
Calendar 2022 closed higher by ≈$0.02 at $3.2175.

Cal 2023
Calendar 2023 finished ≈$0.005 up at $2.81

OUR TAKE ON THE MARKETNYMEX Natural GasSpot month NYMEX natural gas (August) continues to trade sideways between 3.60 and 3.80. As stated before, we believe this to be a pause in a bull market. Milder weather is a negative influence on higher prices and deserves scrutiny. The back of the curve continues to trade at or near highs. WHOLESALE POWER ERCOT Heat rates have backed off slightly from their highs with the front continuing to trade premium to the deferred. This action likely marks time for the next shoe to drop. PJMNatural gas continues to lead direction.

OUR TAKE ON THE MARKET

NYMEX Natural Gas

Spot month NYMEX natural gas (August) continues to trade sideways between 3.60 and 3.80. As stated before, we believe this to be a pause in a bull market. Milder weather is a negative influence on higher prices and deserves scrutiny. The back of the curve continues to trade at or near highs.

WHOLESALE POWER


ERCOT
Heat rates have backed off slightly from their highs with the front continuing to trade premium to the deferred. This action likely marks time for the next shoe to drop.

PJM

Natural gas continues to lead direction.

Guest User
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