Infinity Insights - Volume 11, Issue 30

Written By Guest User

AT-A-GLANCE SUMMARY
Spot month NYMEX natural gas (September) continues to trade between 3.80 and 4.10.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (September) support is 3.80 with resistance at 4.10. Calendar year 2022 finds support at 3.40 with resistance at 4.00. Calendar year 2023 has support at 2.80 with resistance at 3.20.

Roadmap
NYMEX natural gas spot month (September) finished at $3.851, lower by $0.01
compared to last Friday’s Close.

Calendar 2022 Calendar 2022 settled at $3.46, ≈$0.02 off.

Calendar 2022
Calendar 2022 settled at $3.46, ≈$0.02 off.

Cal 2023 Calendar 2023 closed ≈$0.005 better at $3.025.

Cal 2023
Calendar 2023 closed ≈$0.005 better at $3.025.

OUR TAKE ON THE MARKETNYMEX Natural Gas Spot month NYMEX natural gas (September) continues to trade between 3.80 and 4.10. Calendar strips also trade below recent highs. There’s a tug of war going on that’s losing steam to the upside. Lack of increased cooling demand is a part of the picture. Weather will likely lead direction and lack of heat will likely mean a pullback. WHOLESALE POWER ERCOT Heat rates continue to pull back from highs in line with the lack of weather discussed above.PJMPrices remain firm following natural gas.

OUR TAKE ON THE MARKET

NYMEX Natural Gas
Spot month NYMEX natural gas (September) continues to trade between 3.80 and 4.10. Calendar strips also trade below recent highs. There’s a tug of war going on that’s losing steam to the upside. Lack of increased cooling demand is a part of the picture. Weather will likely lead direction and lack of heat will likely mean a pullback.


WHOLESALE POWER


ERCOT
Heat rates continue to pull back from highs in line with the lack of weather discussed above.

PJM

Prices remain firm following natural gas.

Guest User
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