In 7 days coal has fallen 17%, this is the beginning of a sharp retrace.
March 2021 $70
May 2021 $274
Nov 2021 $127
8 March 2022 $439
15 March 2022 $336 17% drop in 7 days.
I suggest by May coal could be around $90 to $120 ton at best.
China being the biggest coal consumer can manipulate the market. Watch and learn.
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