Infinity Insights - Volume 13, Issue 28

AT-A-GLANCE SUMMARY

Spot month NYMEX natural gas continues to trade between $2.50 and $3.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (September) support at 2.50 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 (September) finished off by $0.219 at $2.551
Compared to close of last Friday

Cal 2024
Calendar 2024 settled lower by ≈$0.045 at $3.6625
Compared to close of last Friday

Cal 2025
Calendar 2025 ended down by ≈$0.02 at $3.885
Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot month NYMEX natural gas continues to trade between $2.50 and $3. The forward curve likewise trades sideways. When this price action will change is unknown but, our studies tell us the direction will be higher. Given that stance, procurement at current levels is advisable, especially if prices in the lower half of trading range.

WHOLESALE POWER

Heat rates are, for the most part, cooling off after the severe temperature-driven spikes of the past months.