Infinity Insights – Volume 8, Issue 31

AT-A-GLANCE SUMMARY

Spot month NYMEX natural gas (September) traded in a fairly tight range this week.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (September) has support at 2.90 then 2.86 with resistance at 3.00... Calendar year 2019 has support at 2.77 with resistance at 2.85. Calendar year 2020 has support at 2.60 with resistance at 2.67.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

Roadmap

NYMEX natural gas spot month (September) settled $0.029 lower at $2.917.

rd1

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 at $281, down ≈$0.0225.

c19

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 ended ≈$0.01 lower at $2.6475.

c20

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 month NYMEX natural gas (September) traded in a fairly tight range this week (2.99 to 2.91). Overbought indicators continued to point to pullback while differentials (spreads) were in the bull camp. $3 remains major resistance.The next edition of Insights will be released on September 7th. Happy Labor Day!