Category archives: Coking Coal

A Room with a Technical View 05/07/22

Capesize August Futures – last week we noted that the divergence will need to be monitored on the July contract, price did move higher but failed to trade above the fractal resistance at USD 26,625 resulting in the futures moving to the downside. The roll into August has created a higher high meaning the rolling …

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China’s Biggest Coal Region Raises Anuual Output To Ensure Power Supply 30/06/22

China’s Top Coal Region Expands to Prevent Another Power Crunch   China’s biggest coal-mining region will shoulder much of the increases in capacity demanded by the government to forestall another national power crisis. The northern province of Shanxi has pledged to add 107 million tons this year, over a third of the country’s target, which …

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A Room with a Technical View 27/06/22

Capesize July Futures – on the last report we noted that upside moves that failed at or below USD 35,505 will leave the futures vulnerable to further tests to the downside. The futures traded to a high of USD 32,750 before trading below the USD 26,500 and USD 23,625 support levels, to a low of …

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