Lumley Trading

💸 | Established 2020
📈 | Socials Below 👇

[John Kemp @JKempEnergy]

INVESTMENT MANAGERS have cut their position in Europe’s benchmark natural gas futures and options contract to the lowest since before the war between the United States and Iran started. Fund managers sold the equivalent of 51 terawatt-hours in the Dutch TTF contract over the seven days ending on June 19, the fastest sales for 15 months. Funds have sold in nine of the most recent twelve weeks, reducing their position by a total of 139 TWh since March 27. The remaining position has been cut to 184 TWh from 323 TWh at the end of March as traders become more confident about refilling storage ahead of next winter as the Strait of Hormuz re-opens:

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Iran officially posts the fully executed “Memorandum of Understanding” which has now taken effect.

[John Kemp @JKempEnergy]

Oil bears bet Hormuz crisis is mostly over

Investors have cut their position in Brent again to the lowest for eighteen weeks amid increasing confidence at least some oil exports will resume through the Strait of Hormuz despite an increasingly fragile ceasefire.

The United States has begun to encourage some tankers to transit the Strait by offering air cover and attacking shore-based radars, missile batteries and drone launch sites on Iran’s side of the waterway.

The U.S. government appears to be pursuing a mixed strategy of bombing-while-negotiating to pressure Iran into accepting a deal while at the same time degrading Iran’s ability to threaten shipping in case the talks fail.

Hedge funds and other money managers sold the equivalent of another 26 million barrels in the ICE Brent crude futures and options contract over the seven days ending on June 2.

Fund managers have sold Brent in eight of the most recent nine weeks, reducing their combined position by a total of 177 million barrels since the end of March.

As a result, funds held a mildly bullish net position of 253 million barrels (64th percentile for all weeks since 2011) down from an extremely bullish 429 million (92nd percentile) on March 31.

Short positions betting on a further fall in Brent prices have more than tripled to 140 million barrels from just 40 million at the end of March.

Shorts are at the highest since mid-January, shortly after the United States captured Venezuela’s leader and before tensions with Iran started to intensify.

Despite the lack of public progress in reaching a negotiated end to the war, and repeated breaches of the ceasefire by both countries, funds are increasingly confident oil exports will resume.

Stocks of crude and refined fuels in the United States and the rest of the world are depleting rapidly but fund managers are increasingly behaving as if the draw down will end soon with much more oil flowing through the Strait.

Reflecting that expectation, inflation-adjusted front-month Brent futures have retreated to an average of $95 so far in June (55th percentile for all months since 2010) from $104 in May (62nd percentile).

Brent positions and prices are behaving as if the oil shock is mostly over.

[John Kemp @JKempEnergy]

[CHARTBOOK] Strait of Hormuz closure and the oil shock of 2026 - slides for a presentation to the British Institute of Energy Economics: https://t.co/yL3UeeaHjW

[IPO Newsroom @IPONewsroom_]

SPACEX IS GOING PUBLIC NEXT MONTH

Per Reuters:

- Listing venue: Nasdaq
- Ticker: $SPCX
- Pricing: As early as June 11
- First day of trading: June 12

One of the most anticipated IPOs in years is now four weeks away.

[Lumley Trading @LumleyTrading]

https://t.co/dTowK3eMnL

$QQQ $SPY $ES_F $NQ_F

#DayTrading #Fibonacci #SPY #NASDAQ #StockMarket #OptionsTrading #Scalping #TechnicalAnalysis #TradingStrategy #MarketAnalysis

[Lumley Trading @LumleyTrading]

https://t.co/3nCfdzbz2n

$QQQ $SPY $ES_F $NQ_F

#DayTrading #Fibonacci #SPY #NASDAQ #StockMarket #OptionsTrading #Scalping #TechnicalAnalysis #TradingStrategy #MarketAnalysis

[Lumley Trading @LumleyTrading]

My Trading Strategy for Today: I focused on risk management by starting with smaller positions and adding more as the trade developed. Even though it wasn’t a massive day, the 142% move helped wipe out most of my losses, and I stuck to my discipline, targeting key levels for exit

[Lumley Trading @LumleyTrading]

Recap of My Losing Day (Oct 1st): Yesterday, I had a rough day trading QQQ. The market opened and immediately dropped hard, and I missed some important news that could've changed my approach. As a result, I took a bigger loss than I would've liked. #DayTrading #TradingLosses

[Lumley Trading @LumleyTrading]

How I Recovered on Oct 2nd: Today, the market was much cleaner with gaps only in one direction. I was able to trade both SPY and QQQ, and I managed to recover most of yesterday’s losses with a solid 142% return on one of my SPY trades. #TradingRecovery #SPYTrading #WinningTrades

[Lumley Trading @LumleyTrading]

https://t.co/uUm6k3hIRd

$QQQ $SPY $ES_F $NQ_F

#DayTrading #Fibonacci #SPY #NASDAQ #StockMarket #OptionsTrading #Scalping #TechnicalAnalysis #TradingStrategy #MarketAnalysis

[Lumley Trading @LumleyTrading]

@SphinxResearch oh ok, do you pay for tradingview data?

[Lumley Trading @LumleyTrading]

@SphinxResearch oh ok thanks, yeah can see that on webull only on my side

[Lumley Trading @LumleyTrading]

@SphinxResearch just started looking over on webull, that seems to show them, if this starts to be a more common problem, i guess we can just start using both platforms. anyway good to see what your post, i trade a very similar way

[Lumley Trading @LumleyTrading]

@SphinxResearch damnn, very strange, i can't see one on either QQQ or SPY, even now, weird day i guess

[Lumley Trading @LumleyTrading]

💬 Drop your thoughts or questions in the comments. How are you using fibs in your trades?

https://t.co/SmLxFF60SO

#DayTrading #Fibonacci #SPY #NASDAQ #StockMarket #OptionsTrading #Scalping #TechnicalAnalysis #TradingStrategy #MarketAnalysis

[Lumley Trading @LumleyTrading]

🚀 Cracked the Code on Fibonacci Levels for Huge Gains! 💹

Today, we nailed the trend for both the S&P 500 and NASDAQ using a combination of Fibonacci extensions, retracements, and key price action levels. By sticking to tried-and-true strategies like fib-to-fib moves.

[Lumley Trading @LumleyTrading]

Key Highlights:
📉 Used fib levels to anticipate market movements on SPY & QQQ.
🔄 Waited for key confirmations on RSI, MACD, and gaps before entering trades.
🎯 Scalped fib-to-fib moves, targeting high-probability setups for serious gains.
💡 Always remember, confirmation is key