DON'T MISS THE BULL RUN This is the structure of the global coal in Monthly time frame which show you why I insist on following NCF1!
A BULLISH PATTERN WITH A FANTASTIC R/R!
JUST GUESS THE TARGETS!
NCFN2024 trade ideas
Look everybody! Global coal wanna go up!🚀As you can see we have a bullish structure in global coal.
If you working in your local stock markets, add coal companies to your Watchlist!
Coal Futures ~ Snapshot TA / Neutral-Bullish AccumulationNewcastle 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
Newcastle_FCWait and see for 2 weeks forward to make sure of confirmation signal, and let it go till 3rd quartal buy on weakness between 93-100 and I hope it will fly to the moon on last quartal of 2023 until first quartal of 2024
Richards Bay Coal Futures (Weekly Line Chart)Richards Bay Coal Futures (Weekly Line Chart) - through the 132 level, targeting 109 next.
For more research insights, get in touch today.
Richards Bay Coal Futures (Line Chart)Richards Bay Coal Futures - line chart extending back to 2007.
Key levels to consider: 132 and then 109.
Note the prior key demand supply zones.
Did the thesis change from 2020 to today for coal?What happened to the "coal thesis" since 2020?
Lots of gains being wiped out for those that didn't sell into strength.
Noise reduced charts get you in AND out properly.
No need to track news events. Price chart aggregates all required information.
#coal #fintwit #stocks
Coal Futures NCF1!back into range 2 looking for accumulation in this range and a re-claim of the range high to get long on WHC.
Watching waiting and planning. patience is the key.
If it keeps dumping then let it dump see you in hell who cares.
BUT
if it accumulates and reclimas the range high., its time to pay attention.
Coal futures 1M short forecastWhile according to the 1D signal the price should reverse back up, the other timeframes suggest that the bearish trend may continue at least until the Cosmic Bands S1 line, where the short target is set.
Newcastle Coal Futures.Bearish pennant pattern.
- wait to see if the breakout is up or down.
- the underlying energy supply landscape points to a break
to the upside, but the technicals are
pointing to the downside.
NCF1 to 1000 and beyondGas from 0.36 to 7.50 per m3.
Electricity from 0.20 to 1.60 per kWh.
These are ultimate targets but parts of the EU are already half way there right now.
COAL, TECHNICAL ANALYSISRetested thrice and honored support around $115, likely to retest $124, Traget price between 145 to 155 as a result of breakout of 135.
AUD USDthe bond yield hasn't accounted inflation which is increasing
the rba has said it is after frb that au cash rate to be increased
leading indicators of aud all points to decline
technically i will wait until M and W confirms it
rotterdam coal projection - $400+ by 2022this will end in an epic supply crunch, perhaps followed by a crash inflicted by high commodity prices
Coal Forecast - Bullish till 21st June 2021The coal has a high chance to make all time high this time. My forecast it can reach US$ 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,
COAL - Will it breakout? One commodity that I follow regularly is coal. For the reason, it influence a lot with mining stocks. The bearish trend of coal ended on Nov 2020 last year. Strong support that holds this market is 71.81-70.41. After breaking out that zone, price consolidating and forming box range corrective structure. For the last 14 weeks, price moving inside that box zone.
Now, the question is, with the recent upward movement, will it breakout the box range structure and continue the bullish trend?
To answer that, I count on the behavior of price towards the S/R. And I see price now breaks short term moving average and closed beautifully with strong body candlesticks (reflects strong buying power). This gives me a hint that maybe...just maybe, this time, the correction already get the bottom and this means, breakout can happen anytime now.
And where it will go after breakout?
112.14 (already marked on my chart)
Psst. Let me tell you a secret. Profits will be on mining business as long as coal price above US$70. And what is the price of coal now?
If profits released on this April 2021 for mining stocks, what will happen to the price?
Coal price rally higher, profits of mining business released and mining stocks ready to be traded.....
Testing the supply zone 87-89ICEEUR:NCFJ2021 Although 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.
Newcastle Coal (October Price)Using Bearish Cypher (Green) and Bearish Crab (Blue) as projection. And Impulsive Wave + Gann Fan as a confirmation. It will be cancel if the price break, close and stay under S2 Pivot Points (yearly) and 8/1 Gann Fan.
