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cool-man
Jan 20, 2021 1:38 PM

Testing the supply zone 87-89 Short

globalCOAL Newcastle Coal Futures (Apr 2021)ICEEUR

Description

ICEEUR:NCFJ2021Although the price still on the above uptrend line, the price rally is losing steam.
The waves are reaching the top. One or two times testing them to reach supply zone at 87-89 before losing seam and drop to approx 75.

Trade closed: target reached

It is losing steam, target reached at zone +/- 75 and price retrace slightly at that demand zone.
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