Infinity Insights - Volume 13, Issue 33

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas (November) is trading higher, breaking out of long-term sideways pattern.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (November) support at 3.00 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) closed up on the week by $0.409 at $3.338
Compared to close of last Friday

Cal 2024
Calendar 2024 finished higher by ≈$0.1775 at $3.70
Compared to close of last Friday

Cal 2025
Calendar 2025 settled up by ≈$0.09 at $3.9525
Compared to close of last Friday

The “Widow Maker”

2024

Volatility…

OUR TAKE ON THE MARKETS

NYMEX Natural Gas

Spot NYMEX natural gas (November) is trading higher, breaking out of long-term sideways pattern. It is seasonally the time for higher prices and not unexpected. The calendar strips have not moved noticeably higher, something that allows reasonable procurement costs.

WHOLESALE POWER