Infinity Insights - Volume 13, Issue 15

AT-A-GLANCE SUMMARY

Natural gas prices continue to move sideways.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (May) support at 2.00 with resistance at 3.25. Calendar year 2024 finds support at 3.40 with resistance at 4.00. Calendar year 2025 has support at 3.85 with resistance at 4.35.

Roadmap

NYMEX natural gas spot month (May) settled higher by $0.119 at $2.233

Compared to close last Friday

Cal 2024
Calendar 2024 finished up by ≈$0.13 at $3.72

Compared to close last Friday

Cal 2025
Calendar 2025 ended higher by ≈$0125 at $4.12

Compared to close last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Natural gas prices continue to move sideways. Spot lows around $2 are important support levels that sellers are reticent to attack. Weather will likely drive next move.

WHOLESALE POWER

ERCOT

Price follows natural gas.

PJM

Prices follow natural gas.