last year's bull was mainly caused by the sudden shortage of coals in China just before winter and of couse amongst other things ie. India, this year Chinese was better prepared so were others. but remember last year everyone was predicting a very cold European winter and wasn't, now THEY are saying this coming winter will be warmer than usual, let's wait and see.
personally I don't believe commodities has anything to do with charts, they always followed supply and demand.
if tomorrow Chinese decide to buy coals from Australia, ice newc will back on 450, but if they decide start their reunification tomorrow, then God knows what can happen .
Target $18.72, page-1445
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Last
$8.67 |
Change
-0.040(0.46%) |
Mkt cap ! $7.253B | |||
| Open | High | Low | Value | Volume |
| $8.75 | $8.77 | $8.64 | $26.64M | 3.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23502 | $8.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.68 | 4056 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |