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 m
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.
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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.
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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 at
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.
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