Infinity Insights - Volume 12, Issue 2

AT-A-GLANCE SUMMARY

Cold weather arrived and spiked natural gas prices.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (February) support 4.00 with resistance at 4.65. Calendar year 2022 finds support at 3.60 with resistance at 4.25. Calendar year 2023 has support at 3.35 with resistance at 3.65.

For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

Roadmap

NYMEX natural gas spot month (February) closed up by $0.1675 at $4.26 compared to last Friday’s close.

Balance of Calendar 2022
Balance of Calendar 2022 ended ≈$0.3375 better at $4.18.

Calendar 2023
Calendar 2023 ended up by ≈$0.045 at $3.475.

OUR TAKE ON THE MARKET

The “Widow Maker”

Volatility…

NYMEX Natural Gas

Cold weather arrived and spiked natural gas prices. There was new buying in the front of the curve, rallying spot month February to near $5. The rally reversed on Thursday, giving up much of its gain. The result is a confused but firmer tone.

The roller coaster weather pattern emphasizes the adage, “buy weakness, sell strength.’ As our clients are procurers and not traders, the lesson is patience.

WHOLESALE POWER

ERCOT

Prices following natural gas.

PJM

Prices following natural gas.