Infinity Insights - Volume 13, Issue 2

AT-A-GLANCE SUMMARY

Lack of any weather demand finds spot price near $3.50.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (February) support at 3.50 with resistance at 5.50. Balance of Calendar year 2023 finds support at 3.30 with resistance at 4.60. Calendar

year 2024 has support at 4.00 with resistance at 4.50.

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

Roadmap

NYMEX natural gas spot month (February) ended down by $0.291 at $3.419
Compared to close last Friday

Cal 2023
Balance of Calendar 2023 settled lower by ≈$0.147 at $3.625
Compared to close last Friday

Cal 2024
Calendar 2024 finished higher by ≈$0.06 at $4.0325
Compared to close last Friday

The “Widow Maker” 2023

Volatility…

OUR TAKE ON THE MARKETS 

NYMEX Natural Gas
Lack of any weather demand finds spot price near $3.50. Stability at this level seems as much a reluctance to press shorts as establishing long positions. The back of the curve continues to hold support at $4.

WHOLESALE POWER

ERCOT

Natural gas leads the way.

PJM

Natural gas leads the way.