Infinity Insights - Volume 13, Issue 31

AT-A-GLANCE SUMMARY

The sideways trading range of spot month NYMEX natural gas (November) continues with a weak tone.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (November) support at 2.80 with resistance at 3.50. Calendar year 2024 finds support at 3.30 with resistance at 4.00. Calendar year 2025 has support at 3.90 with resistance at 4.35.

Roadmap
NYMEX natural gas spot month (November) settled lower by $0.007at $2.637
Compared to close of last Friday

Cal 2024
Calendar 2024 closed higher by ≈$0.0075 at $3.5125
Compared to close of last Friday

Cal 2025
Calendar 2025 finished up by ≈$0.0575 at $3.8775
Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

The sideways trading range of spot month NYMEX natural gas (November) continues with a weak tone. Recent history tells us that quiet markets often mark time waiting for the next “thing” that pushes direction (usually extreme weather). As procurers, our clients look to low prices and secure value when offered. We agree.

WHOLESALE POWER