Jee_D

Coal Forecast - Bullish till 21st June 2021

Long
ICEEUR:NCF2!   NEWCASTLE COAL FUTURES
The 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,

Comments

Wow, you got this pretty good. I've been doing DD on dry bulk shippers in relation to commodities, the target you laid out was pretty accurate, if it hold longer shippers could slide down at a lesser rate but they are showing bearish signs with steel and iron ore commodities along with a greater supply of shippers than there were previously.
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