Infinity Insights – Volume 9, Issue 22

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AT-A-GLANCE SUMMARY

Spot NYMEX natural gas (July) broke support at 2.25.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (July) failed support at 2.25, with 2.15 next support. Resistance is trailing at 2.50. Calendar year 2020 has support at 2.40 with resistance 2.60. Calendar year 2021 has support at 2.58 with resistance at 2.63.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

RoadmapNYMEX natural gas spot month (July) finished down $0.201 at $2.186.

rd_22.png

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 ≈$0.12 lower at $2.505.

cal_20_22.png

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 closed ≈$0.02 down at $2.6125.

cal_21_22.png

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

Spot NYMEX natural gas (July) broke support at 2.25. Next support at 2.18, then 1.95. No weather and ample supplies appear the primary drivers. The market is oversold. It may get more oversold but values offer economic procurement.In closing…Infinity Power Partners LLC is a consultant as well as a broker of energy procurement. What is a consultant? It depends who you ask. Our view is that consultants come in different sizes and specialties. There are some very good consultants and there are some really bad ones. As the third party channel (that’s what consultants and brokers are) bring more load to REPs than their direct sales force, a role that appears to be growing.Good consultants provide:Values Offered by Consultants

  • Economic pricing

  • Accommodative contract terms

  • Ongoing monitoring/management of procurement

  • Transparency

Not-so-good consultants:Where Consultants Fall Short

  • Hidden costs

  • Using REP beneficial to consultant over using best choice for client

  • Not vetting alternatives

  • Incompetence

Choose wisely.

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