Infinity Insights - Volume 13, Issue 23

AT-A-GLANCE SUMMARY

Persistent heat continues for most of the southern half of the U.S.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (August) support at 2.40 with resistance at 3.00. 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 (August) closed lower by $0.182 at $2.539
Compared to close of Friday, June 16th

Cal 2024
Calendar 2024 closed down by ≈$0.046 at $3.5825
Compared to close of Friday, June 16th

Cal 2025
Calendar 2025 finished off by ≈$0.034 at $3.835
Compared to close of Friday, June 16th

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Persistent heat continues for most of the southern half of the U.S. The extremes of weather are becoming common place and we believe should be considered the norm going forward. Avoiding price spikes comes at a price, one to be calculated into risk management protocols.

WHOLESALE POWER