Infinity Insights - Volume 13, Issue 10

AT-A-GLANCE SUMMARY

Trading at the front of the natural gas curve remains sideways while the back has dramatically recovered (Note charts for Cal 2024 and 2025).  

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (April) support at 2.00 with resistance at 3.25.

Balance of Calendar year 2023 finds support at 3.25 with resistance at 4.00. Calendar

year 2024 has support at 3.40 with resistance at 4.00.

Roadmap

NYMEX natural gas spot month (April) was down by $0.579 at $2.43

Compared to close last Friday

Cal 2024
Calendar 2024 settled lower by ≈$0.145 at $3.8325

Compared to close last Friday

Cal 2025
Calendar 2025 ended higher by ≈$0.1325 at $4.155

Compared to close last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Trading at the front of the natural gas curve remains sideways while the back has dramatically recovered (Note charts for Cal 2024 and 2025). The selloff was probably overdone, explaining at least part of the price action. We continue to advise buying weakness for energy procurement.

Extreme weather will continue, guiding price direction. Summer’s heat (or lack thereof) is the next potential hiccup. With the remarkable bounce should come vigilance for lower values.

WHOLESALE POWER

ERCOT

Natural gas leads.

PJM

Natural gas leads.