Mar. 26 at 10:18 AM
$STO $SHEL $COP — Australia gas crisis just got repriced. The timeline shifted.
🇦🇺 East Coast gas shortage now delayed until 2030.
Why?
✅ Coal plant retirements postponed
✅ Demand destruction from high prices
✅ Battery storage boom eating into peak demand
This changes the volume profile for LNG exporters. Less domestic tightness = more gas available for international markets.
Now look at the charts:
$STO: Trading near
$22.50, consolidating above the 200-day MA. Previous resistance at
$24 becomes the next magnet if supply narrative holds.
$SHEL:
$68.80, coiled between 50-day and 200-day. LNG leverage plus integrated margin.
$COP:
$115, 12% off highs. Volume profile shows institutional accumulation on dips.
Strategy: accumulate gradually. The market hasn’t fully priced in the 2030 extension.