Infinity Insights - Volume 12, Issue 13 — Infinity Power Partners

AT-A-GLANCE SUMMARY

The immediate knee-jerk reaction to crude oil and natural gas prices has war bullish and peace bearish.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (May) support 5.00 with resistance at 6.00. Balance of Calendar year 2022 finds support at 5.50 with resistance at 6.00. Calendar year 2023 has support at 4.30 with resistance at 4.75.

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Roadmap

NYMEX natural gas spot month (May) ended higher by $0.109 at $5.72 compared to last Friday’s close.

Balance of Cal 2022
Balance of Calendar 2022 settled up by ≈$0.1775 at $5.90.

Cal 2023
Calendar 2023 closed better by ≈$0.10 at $4.385.

OUR TAKE ON THE MARKET

The “Widow Maker 2023

Volatility…

NYMEX Natural Gas

The immediate knee-jerk reaction to crude oil and natural gas prices has war bullish and peace bearish. This is most evident in the spot month. Further out in the curve, we find prices steadily moving to new highs without much fanfare.