Infinity Insights - Volume 13, Issue 32

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas (November) continues to trade sideways as do the calendar strips.

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) ended the week higher by $0.05 at $2.929
Compared to close of last Friday

Cal 2024
Calendar 2024 settled up by ≈$0.0125 at $3.525
Compared to close of last Friday

Cal 2025
Calendar 2025 ended lower by ≈$0.015 at $3.8625
Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot NYMEX natural gas (November) continues to trade sideways as do the calendar strips. There doesn’t appear to be any catalyst for a change in this pattern. As prices are at lows in the back, procurement is encouraged.

WHOLESALE POWER