Coal has a fundamental demand with a strong technical uptrend.
Current drop from recent highs of $3.6 looks ready to resume with strong support at $2.3.
Fundamentals: N/A
Technical: Support @ $2.3 and break above market structure at $2.6
Starter was taken at $2.3 now at full size with break above $2.6.
Target: $2.75 - $2.80
Current drop from recent highs of $3.6 looks ready to resume with strong support at $2.3.
Fundamentals: N/A
Technical: Support @ $2.3 and break above market structure at $2.6
Starter was taken at $2.3 now at full size with break above $2.6.
Target: $2.75 - $2.80
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.