“Weak Demand Signals Potential for a Lower Low”Currently, the position of NCF1! or Newcastle Coal is within wave 5 of wave (C) of wave , indicating that Newcastle Coal remains vulnerable to further corrections toward the 86.55–96.15 range, as represented by the black labels.
A similar pattern is observed in the red labels, where Newcastle Coal
[COAL] This what happened last time when we had weekly EMA crossThis is weekly ICEEUR:NCF1! chart. The EMA is crossing & MACD is flirting with the base line, trying to enter bull zone. If simply looking at history, last time we had this setup was in 2021. Look at how similar the EMA & MACD setup back then & see what happens next.
Bullish for COAL & coal miner
ILong

SGX: INDON 42OOKC FOB THERMAL COAL BULLISH SET UPThis contract displayed a 3 wave structure and current fourth panning out an irregular pattern should see upside for wave 5 should price not go below $48 (over lapping wave1).
If the $48 is breached, the current move would be seen as a B wave with potential support seen at 45.30 or lower 32.50. Wa
DON'T MISS THE BULL RUN This is the structure of the global coal in Monthly time frame which show you why I insist on following NCF1!
A BULLISH PATTERN WITH A FANTASTIC R/R!
JUST GUESS THE TARGETS!
ILong

Look everybody! Global coal wanna go up!🚀As you can see we have a bullish structure in global coal.
If you working in your local stock markets, add coal companies to your Watchlist!
ILong

ILong

Coal Futures ~ Snapshot TA / Neutral-Bullish AccumulationNewcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement.
Still within larger downtrend after steep sell-off through later half of 2022 into 2023.
(Coal) embers likely re-igniting due to recent China stimulus measures & other m
Newcastle_FCWait and see for 2 weeks forward to make sure of confirmation signal, and let it go till 3rd quartal buy on weakness between 93-100 and I hope it will fly to the moon on last quartal of 2023 until first quartal of 2024
ILong

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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for API2 Rotterdam Coal Futures is Apr 25, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell API2 Rotterdam Coal Futures before Apr 25, 2025.