Hey Hotfire,
Good to see MTE holding up at around 20cps, there is a little resistance between 20.5cps - 26cps on the chart, so a little volume (effort) will be required to work through this area, should thing remain positive, then between 27cps - 37cps.
anyway....
I see the spot price for coal has been edging up for the last couple of days.
And the Futures price is rising along with it, and the front month has been rising strongest, which is positive,
nowhere near a premium yet though.
The Iron Ore market is still holding a premium (just) but is leveling out...
Coal playing a bit of catch up finally ??
cheers
Hey Hotfire,Good to see MTE holding up at around 20cps, there is...
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