Infinity Insights – Volume 9, Issue 30

AT-A-GLANCE SUMMARY

NYMEX spot natural gas (September) traded between $2.12 and $2.25 this past week.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (September) has support at 2.10, with resistance at 2.32. Calendar year 2020 has support at 2.35 with resistance 2.45. Calendar year 2021 has support at 2.40 with resistance at 2.54.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

RoadmapNYMEX natural gas spot month (September) ended weaker by $0.048 at $2.152.

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 was off by ≈$0.0125 at $2.3675.

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 at $2.4175, lower by ≈$0.0075.

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 (September) traded between $2.12 and $2.25 this past week. There was little feature to the trade in what might be best described as treading water. Extreme heat has tempered and so far no hurricane threat. A peaceful summer remaining? Time will tell.

Happy Labor Day!The next “Insights” will be released September 6th