As it's being proven time and time again, "Green" energy and ESG is scalping people. As winter approaches people will need to stay warm. Wind/Solar will never suffice. New drilling permits are being shunned and there will not just be "free" energy floating around. Families have needs Is it time to long Coal?
There is a bullish reversal in DJ US Coal Index . We can take entry if the trand breaks the resistance and aim targets indicated by the Cup pattern.
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Contrary to opinion of virtue signalers, lots of coal is required for the production of electricity, solar panels, and electric vehicles. Coal didn't go away, we just outsourced it to China, which consumes 50% of the world's coal. This is just a simple mean-reversion play. It's one of the few commodities still near their 2020 crash lows and has healthy upside in...
US coal index short. global warming is real gl hf xoxo snoop
A break above $42 will prove very bullish.
Falling wedge notorious for reversal. 670 days till APEX
techs point to a base building in 2015 in $60/$70 on U.S. Coal Index