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SGX TSI FOB Australia Premium Coking Coal FuturesSGX TSI FOB Australia Premium Coking Coal FuturesSGX TSI FOB Australia Premium Coking Coal Futures

SGX TSI FOB Australia Premium Coking Coal Futures

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ACFZ2024 trade ideas

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 macro-economic influences, TBC. Highlighted preliminary Trading Range 174.05-129. On watch for further price action development &/or break out of range in either direction. Boost/Follow appreciated, cheers. Futures: ICEEUR:NCF1! ICEEUR:NCF2! ASX: ASX:WHC ASX:NHC ASX:YAL ASX:SMR ASX:TER
ICEEUR:NCF2!
by BlueHatInvestor
Coal Forecast - Bullish till 21st June 2021The coal has a high chance to make all time high this time. My forecast it can reach US$ 131 or around it. But it will take months from now to make it happen. My focus now is for the next weeks till June 2021, coal apparently will go higher. Though, market will undergo a slight correction but not deep. The target for this upward coming is around 108.45. The bullish trend is very strong right now, and market does need only little time to go downward. So, be a positive thinking and think to buy only now for coal. Cheers,
ICEEUR:NCF2!Long
by Jee_D
1
COAL - Will it breakout? One commodity that I follow regularly is coal. For the reason, it influence a lot with mining stocks. The bearish trend of coal ended on Nov 2020 last year. Strong support that holds this market is 71.81-70.41. After breaking out that zone, price consolidating and forming box range corrective structure. For the last 14 weeks, price moving inside that box zone. Now, the question is, with the recent upward movement, will it breakout the box range structure and continue the bullish trend? To answer that, I count on the behavior of price towards the S/R. And I see price now breaks short term moving average and closed beautifully with strong body candlesticks (reflects strong buying power). This gives me a hint that maybe...just maybe, this time, the correction already get the bottom and this means, breakout can happen anytime now. And where it will go after breakout? 112.14 (already marked on my chart) Psst. Let me tell you a secret. Profits will be on mining business as long as coal price above US$70. And what is the price of coal now? If profits released on this April 2021 for mining stocks, what will happen to the price? Coal price rally higher, profits of mining business released and mining stocks ready to be traded.....
ICEEUR:NCF2!Long
by Jee_D