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!
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!
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
Richards Bay Coal Futures (Weekly Line Chart)Richards Bay Coal Futures (Weekly Line Chart) - through the 132 level, targeting 109 next.
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Richards Bay Coal Futures (Line Chart)Richards Bay Coal Futures - line chart extending back to 2007.
Key levels to consider: 132 and then 109.
Note the prior key demand supply zones.
Did the thesis change from 2020 to today for coal?What happened to the "coal thesis" since 2020?
Lots of gains being wiped out for those that didn't sell into strength.
Noise reduced charts get you in AND out properly.
No need to track news events. Price chart aggregates all required information.
#coal #fintwit #stocks
Coal Futures NCF1!back into range 2 looking for accumulation in this range and a re-claim of the range high to get long on WHC.
Watching waiting and planning. patience is the key.
If it keeps dumping then let it dump see you in hell who cares.
BUT
if it accumulates and reclimas the range high., its time to pay at
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Frequently Asked Questions
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Coal (API 4) CIF ARA (ARGUS/McCloskey) Swap Futures-EOD. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Coal (API 4) CIF ARA (ARGUS/McCloskey) Swap Futures-EOD technicals for a more comprehensive analysis.
The current price of Coal (API 4) CIF ARA (ARGUS/McCloskey) Swap Futures-EOD is 177.36 USD — it has fallen 2.14% in the past 24 hours.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Coal (API 4) CIF ARA (ARGUS/McCloskey) Swap Futures-EOD this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Coal (API 4) CIF ARA (ARGUS/McCloskey) Swap Futures-EOD shows that traders are closing their positions, which means a weakening trend.