Infinity Insights - Volume 12, Issue 31

AT-A-GLANCE SUMMARY

Spot month NYMEX natural gas (October) traded between $9 and $10 for the week.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (October) support at 8.50 with resistance at 10.00. Calendar year 2023 finds support at 6.00 with resistance at 6.75. Calendar year 2024 has support at 4.80 with resistance at 5.50.

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

Roadmap

NYMEX natural gas spot month (October) finished off by $0.04 at $9.296

Cal 2023
Calendar 2023 closed up by ≈$0.1925 at $6.2975

Cal 2024
Calendar 2024 settled higher by ≈$0.16 at $5.185

The “Widow Maker” 2023

Volatility…

OUR TAKE ON THE MARKETS 

NYMEX Natural Gas
Spot month NYMEX natural gas (October) traded between $9 and $10 for the week. Prices reflect the bullishness of the market, yet the trading range suggests that “something” is needed to move above $10 or below $9. LNG European prices are at record levels, promising higher prices and increased demand. Winter offers more challenges ahead.

WHOLESALE POWER

ERCOT

Natural gas leads pricing.

PJM

Natural gas leads pricing.