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Is coal breaking out right now?
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Breakdown
0:00Coal futures· ticker
Coal futures — thermal coal on Pacific side, cupish pattern breaking
- Coal futures thermal on Pacific side
- White line has serious resistance
- Breaking through resistance now
- Cupish pattern breaking to upside
- Cup and handle formed, handle broken
0:01Atlantic thermal coal· ticker
Atlantic thermal coal — cup and handle pattern breaking
- Atlantic thermal coal better pattern
- Cup and handle formed
- Handle broken now
- Easiest way to play is Cole ETF
- Cole ETF had false breakout
0:02Cole ETF· ticker
Cole ETF — false breakout, good time to add
- Cole ETF only one exists
- False breakout occurred
- Good time to add to coal stocks
- Already added on yellow and green lines
- Buy today if coal needed
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