Infinity Insights - Volume 13, Issue 22

AT-A-GLANCE SUMMARY

Extreme weather again leads natural gas price.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (July) support at 2.40 with resistance at 2.80. Calendar year 2024 finds support at 3.40 with resistance at 4.00. Calendar year 2025 has support at 3.90 with resistance at 4.35.

Roadmap

NYMEX natural gas spot month (July) closed higher by $0.378 at $2.632

Compared to close of last Friday

Cal 2024
Calendar 2024 settled up by ≈$0.095 at $3.6275

Compared to close of last Friday

Cal 2025
Calendar 2025 ended up by ≈$0.0625 at $3.8675

Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Extreme weather again leads natural gas price. 100+ degree weather in Texas is stressing generation assets. This is just the start of summer.

If procurement required, we recommend locking current numbers and leave the risk of what’s to come to someone else.

WHOLESALE POWER

ERCOT

Following natural gas.

PJM

Following natural gas.