RBLWhite ⚡ NatGas & Energy

Meanwhile, over at the NatGas circus, NGJ26 has rolled over, but still looks like it knows where it's going⏬ #natgas

@VanHeig orange dotted line ("C") is the previous close. pink dotted= 2, turquoise solid = 1, on the right hand y-axis

@rblwhite Oh ok now it makes sense. Could you explain how you defined this line? And this blue one at which we closed last Friday. Great job noticing it! I really love work you put here everyday!

Outsiders were unknowingly shorting like crazy into a wall of insider buying on March 23-25. Inevitably, price reversed immediately to the upside↗️ #natgas

the pink dotted lines are the daily price at which most volume was transacted. Re-visiting them is usually profitable for insiders, in a number of ways, so this tends to happen at some point. The turquoise line is similar, but across all days from when the contract started, to date. Once the contract is the front month, volumes pick up, so this line can move around a bit, but always acts as a magnet. Better to use these lines as exits than entries. Good luck!

insiders were manipulating a drop in price (by adding and removing liquidity), while slowly accumulating longs at advantageous prices. Finally they reached their last key price level in this cycle (pink line), a good potential profit point, then after assessing order flow at that level, they quickly moved price up and away from there, trapping outsider shorts. Since then it's continued up. Very profitable for them and all rigged, of course

@rblwhite Could you explain? No idea what is going on here.

GM! ☕️ Spring forecast, no weather support for gas prices here I'm now mostly using NG futures order flow for trade direction (not "TA") #natgas

Exactly

GM ☕️ Warmer probabilities in the E and SE are retreating, but not much for gas traders to trade on here. Enjoy your weekend🍻 #natgas

GM Gas Traders☕️ Warm in the East, but not enough yet for a significant increase in gas burn, for power. No weather support for prices #natgas

@Igorpnw also, this whole notion that if you get your mind right, that's enough! Cannon fodder😂

@rblwhite Just out of curiosity on what subject? Love your feed by the way 👍

I see so-called traders with hundreds of thousands or even MILLIONS of followers, spouting absolute garbage that just doesn't work in the real world! Are there REALLY that many gullible idiots out there?🙄<rant over> #trading

@Igorpnw Thanks👍 Technical analysis, too long to list all the rubbish lol

@DiveBomb321 😂

Trump's like I don't mind high oil prices, I ll just rig the market. So Zelensky says hold my beer. 😂

@CutMyTaxUK hahahaha idiots, so out of touch

Another defeat for wealth taxes. Danish Social Democrat Prime Minister Mette Frederiksen thought she might gain votes in a general election if she promised a wealth tax, but her party lost the election heavily with its worst result since 1903. Strongly criticised by business leaders as a growth-killer, the wealth tax proposal was rejected by centre-left as well as centre right voters.

🔥 US Gas Flows — Daily Net, March 25 (Bloomberg data via @babygotgas) Daily net flows are Bearish, but 5 day net flows are Bullish Daily: Production bounce: +0.36 Bcf/d, Bearish Canada imports collapse: -0.45, Bullish LNG feedgas increase: -0.24 (more leaving), Bullish Mexico exports: +0.05 (more leaving), Bullish Res/Comm demand down -2.42, Bearish Industrial demand down -1.02, Bearish Power gen decline: -0.30, Bearish Bullish: -0.74 Bcf/d Bearish: -4.10 Bcf/d Shoulder season on the daily. But LNG at 20.14 Bcf/d (1.7 above 200D) and Canada 2.4 Bcf/d below 200D = ~4 Bcf/d structural tightening $NATGAS #NatGas #EnergyTrading

EIA weekly gas storage report is out!💥Withdrawals = -54Bcf, consensus was -44Bcf. In isolation, slightly Bullish #natgas #EIA

@BabyGotGas thanks, you too

#NYMEX #NATGAS #OPEX be careful out there....

NatGas Traders⚡️ECMWF D6-10 composite probability charts, yesterday vs today No change in cold/warm probabilities in CGDZ, no current weather support for gas prices EIA storage later #natgas

@BabyGotGas close to 3.00 I'd think...

#natgas #strikes #opex $2.50 or $3.00 that is the question.... #feelslikethreedollars

GM Traders⚡️☕️ Crazy swinging forecast! Not indicative of gas price support, but later I'll run a PWCDD chart, see what we get. EIA weekly storge data today! #natgas