some very large orders now stacking up, what is very interesting is that they are right at market prices, so they are obviously real.
if the 7c level was to break it could start to go higher very quickly, it has proven that in the past.
don't underestimate the effect this coal deal will have on the shareprice of CME, many have been sitting back waiting for the deal to be completed. And once it finally is all hell will likely break loose.
Remember they signed the exclusive agreement back before coal prices began to surge, making this deal one of the buys of the century.
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