I'm using Newcastle coal futures as a reference. Even the graph you are showing is clearly trending downwards to sub $200. Coal price will likely continue falling just like oil, natural gas, lithium, nickle and other comodoties after reaching it's peak. The recovery for coal would be different this time compared to 2015. It may be a bounce tomorrow, but you already know smart money exited at $8.40.
Target $18.72, page-8100
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 (20min delay)
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Last
$8.42 |
Change
0.170(2.06%) |
Mkt cap ! $7.019B | |||
| Open | High | Low | Value | Volume |
| $8.25 | $8.48 | $8.23 | $32.01M | 3.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 32486 | $8.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 9334 | 15 |
View Market Depth
| Last trade - 14.50pm 04/06/2024 (20 minute delay) ? |
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Last
$8.36 |
Change
0.170 ( 1.67 %) |
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| Open | High | Low | Volume | ||
| $8.25 | $8.48 | $8.23 | 1233865 | ||
| Last updated 15.09pm 04/06/2024 ? | |||||
| WHC (ASX) Chart |