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.
I'm using Newcastle coal futures as a reference. Even the graph...
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Last
$7.52 |
Change
-0.090(1.18%) |
Mkt cap ! $6.291B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.64 | $7.48 | $28.37M | 3.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10784 | $7.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.53 | 14684 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$7.49 |
Change
-0.090 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $7.59 | $7.64 | $7.48 | 1166010 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| WHC (ASX) Chart |