Coal Futures ~ Snapshot TA / Neutral-Bullish Accumulation

Newcastle 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: NCF1! NCF2!
ASX: WHC NHC YAL SMR TER