Infinity Insights – Volume 9, Issue 37

AT-A-GLANCE SUMMARY

Spot NYMEX natural gas (November) stayed above 2.25 and below 2.40, perhaps waiting for the next shoe to drop.

SUMMARY OF THE LAST WEEK IN CHARTS

Spot month natural gas (November) has support at 2.25 then 2.00, with resistance at 2.40. Calendar year 2020 has support at 2.39 with resistance 2.45. Calendar year 2021 has support at 2.42 with resistance at 2.48.For a look at our monthly market reports, visit Infinity Power Partner’s Market Overview.

RoadmapNYMEX natural gas spot month (November) ended the week $0.106 higher at $2.32.

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.

Calendar 2020Calendar 2020 closed ≈$0.036 up at $2.42.

What’s This? – “Cal 2020” 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 2021Calendar 2021 settled at $2.436, better by ≈$0.0175.

What’s This? – “Cal 2021” 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 Natural GasSpot NYMEX natural gas (November) stayed above 2.25 and below 2.40, perhaps waiting for the next shoe to drop. Weather isn't moving the market so expiring November will likely self-liquidate in or around current levels.

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