$BTU

It reached the neckline resistance. On the monthly-weekly chart, there is no issue. if it can break the neckline resistance strongly, a Palantiring move is also possible on this chart.
According to Bloomberg, President Donald Trump was going to announce a federal support plan to keep coal-fired power plants alive in the U.S.
At the center of the plan is a long-term agreement, via a presidential order, for the U.S. Department of Defense to purchase electricity from coal power plants.
In addition, the U.S. Department of Energy was going to announce a total of $175M in “upgrade” support for 6 plants in Kentucky, North Carolina, Ohio, Virginia, and West Virginia.
It was stated that the White House would hold a coal-focused event the same day and host coal companies, miners, and energy executives.
As U.S.-listed coal companies, Alpha Metallurgical Resources, Peabody Energy, Core Natural Resources, Warrior Met Coal, Alliance Resource Partners, and Ramaco Resources were highlighted.
In a separate story, it was reported that Peabody restarted production after 8 years at its Centurion (formerly North Goonyella) metallurgical coal mine in Australia.
It was said that the company targets 3.5M tons in 2026 and 4.7M tons of metallurgical coal annually from 2028 onward.
The mine had stopped production due to the 2018 fire. CEO James Grech emphasized that coal is critical for energy security.
According to the text, Trump signed the order to increase coal production and also said he would delay the closure of two Tennessee Valley Authority coal power plants.
After the news, related stocks and coal-themed products like the VanEck Coal ETF rose, while environmental groups criticized the plan as an “expensive and polluting” public burden.