$BTU consolidation is ending, one way or another the medium term trend will now change.
Small gap but expect action here.
On watch..
Doesn't look like well get a last dump to shake out longs. Many times the math on the algo Ai will use those areas with a "torperdo math" module to increase volume/move price to breaking point. Didnt here. If this performs on Monday, this will be heading higher, and fast. $BTU
$BTU looks primed to probe new near term heights. Could be headed to test multi year highs.
Flagging LT - target is the $50 zone..
$BTU as planned. Would like to see some large thrusts now to keep the secular trend strong. Ultimately this is area to accumulate more.
$BTU acted, and performed, like a real hedge with potential to be the upside winner here. Keeps shaking tree. #coaltwitter
Ive seen some angry charts before - $AR - but $BTU could take the crown. If it does what I think, this this is going to kick open the office doors, flip over desks and rip all the pictures down from the walls.
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Why $BTU pivoted language to growth(R3):
- coal plants retirements below - hence, their vision to utilize their 100+ yr old infrastructure(existing subs, transmission and land) to simply give the market want it wants. 1/5
Lets look at the language below in the Inflation Reduction Act "IRA" - $BTU simply saw this coming. They have everything "the market" wanted and will get paid handsomely for it. 2/5
I hear a ton about why #solar is this/that/blah blah, but the reality is, solar has high value during peak summer (May-Oct) and down voltage VAR. So, why would $BTU put nearly $7 billion at play for solar? The below is a rundown of "envelope" math. 3/5