Infinity Insights - Volume 13, Issue 30

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas sold off to support at $2.50 before rallying.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (October) support at 2.50 with resistance at 3.10. 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 (October) finished off by $0.052 at $2.605
Compared to close Friday, August 25th

Cal 2024
Calendar 2024 ended down by ≈$0.09 at $3.55
Compared to close Friday, August 25th  

Cal 2025
Calendar 2025 settled off by ≈$0.055 at $3.845
Compared to close Friday, August 25th

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot NYMEX natural gas sold off to support at $2.50 before rallying. Lackluster demand blamed for selloff with bullish storage numbers credited for rally. Net result: Trading remains in a range from 2.50 to 3.10.

WHOLESALE POWER