Infinity Insights - Volume 13, Issue 19

AT-A-GLANCE SUMMARY

Natural gas prices continued sideways until Thursday when prices moved above $2.50.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (June) support at 2.50 then 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 4.00 with resistance at 4.35.

Roadmap

NYMEX natural gas spot month (June) ended higher by $0.319 at $2.585

Compared to close last Friday

Cal 2024
Calendar 2024 settled up by ≈$0.10 at $3.705

Compared to close last Friday

Cal 2025
Calendar 2025 ended off by ≈$0.03 at $4.005

Compared to close last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Natural gas prices continued sideways until Thursday when prices moved above $2.50. It appears that there is a reluctance to sell below $2, yet buyers exhibited patience until this recent strength. The missing piece is weather (demand). That said, we would not be short going through summer.

WHOLESALE POWER

ERCOT

Natural gas leads the way.

PJM

Natural gas leads the way.