Infinity Insights – Volume 9, Issue 10

AT-A-GLANCE SUMMARY

NYMEX spot natural gas market continues to move sideways within a fairly tight range.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (April) has support at 2.75 with resistance at 3.00. Calendar year 2020 has support at 2.72 with resistance 2.78. Calendar year 2021 has support at 2.62 with resistance at 2.67.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

RoadmapNYMEX natural gas spot month (April) finished $0.07 lower at $2.795.

unnamed

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 20Calendar 2020 closed ≈$0.01 down at $2.765.

unnamed (1)

What’s This? – “Cal 20” 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 21Calendar 2021 settled ≈$0.01 higher at $2.655.

unnamed (2)

What’s This? – “Cal 21” 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

NYMEX spot natural gas market continues to move sideways within a fairly tight range. Storage ends at new lows but access to pipes is a big influence. Volatility remains up front.