Flat-Price algos in Feb futures

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Today, disparate styles of Flat-Price Algorithms are buyers of Hub Nat Gas, mostly in Feb futures. Calendar Strip Algos are positioned around flat Summer21 through Cal22 with buy and sell levels relatively distant. Time Spread Algos have not been active due to lack of curve movement; they have buy-stops nearby in H/J and U/V. Flat-Price…

Algo Flows in Natural Gas

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Flat-Price Trend Algos are selling HH Natural Gas, mostly in March futures. Yesterday, Trend, Value Pattern and Mean Reversion Algos were sellers. These collective flows are pressuring flat-prices, cal strips and time spreads. Our Jan 4th report (provided at bottom) demonstrates their buying flows supporting everything in the 1st week of the year. Calendar Strip Algos…