Infinity Insights – Volume 8, Issue 17

AT-A-GLANCE SUMMARY

Spot natural gas stayed the course, continuing to range trade, ending the week at the high end.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (June) has support at 2.60 with resistance at 2.80 then 2.90 Calendar year 2019 has support at 2.67, then 2.60 with resistance at 2.76. Calendar year 2020 has support at 2.65 with resistance at 2.72.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

Roadmap

NYMEX natural gas spot month (June) ended the week higher by $0.095 at 2.806.

1

What’s This? – The “Roadmap” is the price action chart depicting the NYMEX natural gas spot month. It’s important because it is essentially the trading community’s market sentiment.

Cal 19

Calendar 2019 closed up ≈$0.0 2at $2.712.

2

What’s This? – “Cal 19” is the first complete 12-month strip. It gives you a visual of price action and provides a reference point for our take on the market.

Cal 20

Calendar 2020 closed off ≈$0.02 at $2.67.

3

What’s This? – “Cal 20” is the second complete 12-month strip. It gives you a visual of price action and provides a reference point for our take on the market.

OUR TAKE ON THE MARKET

Spot natural gas stayed the course and continued to range trade, closing at the high end on Friday. The back of the curve weakened, which again is a continuance of recent trend.For ERCOT heat rates, the path continues higher up front. We suspect this pattern will continue.