Late comers to coal are long & wrong

With all the recent hubbub about rising coal prices……behold Chinese Coal futures have declined 25% over the past 3 weeks.

This is another example of whilst news of rising prices is spreading within mainstream media, you’ll often find those very prices peaking around that moment.

A break below HK$4.90 will see this daily downtrend accelerate.

I see it testing HK$4.20.

One shouldn’t have been going long in the recent surge and I wouldn’t be long today.

October 27, 2021

by Rob Zdravevski

rob@karriasset.com.au