Infinity Insights - Volume 11, Issue 4

Written By Guest User

AT-A-GLANCE SUMMARY
NYMEX spot month natural gas (March) rallied from 2.40 area, testing resistance at 2.75.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (March) support is 2.40 with resistance at 2.75 then 3.00. Balance of calendar year 2021 finds support at 2.65 with resistance at 2.85. Calendar year 2022 has support at 2.55 with resistance at 2.80.

Roadmap

NYMEX natural gas spot month (March) finished higher by $0.108 at $2.564.

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Balance of Calendar 2021
Balance of Calendar 2021 ended up ≈$0.0825 at $2.735.

Calendar 2022 Calendar 2022 settled at $2.6425, ≈$0.05 better.

Calendar 2022
Calendar 2022 settled at $2.6425, ≈$0.05 better.

OUR TAKE ON THE MARKET NYMEX Natural GasNYMEX spot month natural gas (March) rallied from 2.40 area, testing resistance at 2.75. Calendar strips likewise traded higher albeit with light volume and open interest declining. Technical indicators point …

OUR TAKE ON THE MARKET


NYMEX Natural Gas

NYMEX spot month natural gas (March) rallied from 2.40 area, testing resistance at 2.75. Calendar strips likewise traded higher albeit with light volume and open interest declining. Technical indicators point higher (weekly natural gas spot continuation chart):

WHOLESALE POWER

Weather is the supporting factor, an influence subject to quick changes tied to updated forecasts. ERCOTPower marks continue weak with heat rates indicating a lack of demand.

Weather is the supporting factor, an influence subject to quick changes tied to updated forecasts.

ERCOT

Power marks continue weak with heat rates indicating a lack of demand.

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