Infinity Insights - Volume 13, Issue 20

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas has rolled into July with prices remaining in a narrow range.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (July) 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 (July) settled lower by $0.29 at $2.417

Compared to close last Friday

Cal 2024
Calendar 2024 ended down by ≈$0.055 at $3.65

Compared to close last Friday

Cal 2025
Calendar 2025 closed off by ≈$0.025 at $3.98

Compared to close last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot NYMEX natural gas has rolled into July with prices remaining in a narrow range. As mentioned in earlier “Insights”, we believe prices will break out only when and if demand (weather) shows up. It’s summer and heat is beginning.

WHOLESALE POWER

ERCOT

Prices follow natural gas

PJM

Prices follow natural gas