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Are coal prices setting up for a bigger breakout?

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ticker lesson

Breakdown

0:00Pacific thermal coal· ticker

Pacific thermal coal — breakout near $153/ton

  • Breaking out after previous resistance at $153/ton
  • RSI 81 suggests overbought condition
  • Weekly chart shows RSI 65, current 64
  • Potential breakout or rejection at $153
1:43Atlantic thermal· ticker

Atlantic thermal — approaching prior highs at 140/ton

  • Resistance near previous highs at 140/ton
  • Current price 138/ton
  • Expectation of higher prices next week
1:44met coal· ticker

Met coal — gaps up past $250/ton

  • Broke $250/ton, closed at $275/ton
  • Uncertain direction next week
  • Early entries in coal ETF felt positive
1:45coal ETF· ticker

Coal ETF — bullish consolidation at 2.2% weekly gain

  • Resistance forming on ETF
  • Met coal up 16% weekly
  • Three-point trend line validates bullish pattern

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