Coal Futures ~ Snapshot TA / Neutral-Bullish Accumulation
globalCOAL Newcastle Coal FuturesICEEUR
Description
⋅ Newcastle 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