Alex_Quiroga

Bullish Coal Futures = Mineral Companies (#1 ARLP)

Long
NASDAQ:ARLP   Alliance Resource Partners, L.P
The same concept than Bullish Gold-Futures = Mining Companies but in this case with Coal at the end they are grouped in the same Basic Materials Industry.
I only put momentum ideas in the desk of traders.
Ideas that meet certain technical requirements like: Resistance breakout and trend line breakout
I propose two targets, and wait for a price pullback
The first is a swing trade with a target close to 25.00 or less
The second is a position trade with an objective close to 38.00 or less. and assuming that the price breaks the 25.00 resistance level .

You know uncertainty is your job.