Infinity Insights - Volume 13, Issue 3

AT-A-GLANCE SUMMARY

The lack of bullish news for natural gas finds spot March near $3.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (March) support at 3.00 with resistance at 4.00. 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 (March) ended lower by $0.245 at $3.174

Compared to close last Friday

Cal 2023

Balance of Calendar 2023 settled lower by ≈$0.10 at $3.525

Compared to close last Friday

Cal 2024

Calendar 2024 finished down by ≈$0.01 at $4.0225

Compared to close last Friday

The “Widow Maker” 2024

Volatility…

OUR TAKE ON THE MARKETS 

NYMEX Natural Gas

The lack of bullish news for natural gas finds spot March near $3. The back of the curve remains steady with $4 support. The fragility of the front of the curve is not definable but the support in back is at $4 level.

WHOLESALE POWER

ERCOT

Natural gas leads direction.

PJM

Natural gas leads direction.