I've been taking quite a deep look at the relationship between correlatives of the Australian dollar lately. There's no question that this deep dive would be remiss without looking at correlation coefficients between AUDUSD and that of commodities it exports, primarily iron ore and coal. The chart really speaks for itself. Aussie dollar sees strength when coal and...
Good volume in this stock as of late & something to keep an eye on. I can see this spike on next news on the final project approval by government Got a good feeling that it could happen in April. Price continues to hold the 20ma & closed above weekly t-line 37-40p target for 1st slice although it could go higher with right news possibly 68p as last time a few weeks ago.
One of my favourite patters with perfect waves. Bought in this stock 4 tranches on every 200ma touch. Delayed news already priced in and plenty of sticky holders. Massive project in Mozambique to supply a 300mw of power. Government on board and awaiting final go ahead timetable.
AUD/USD continues to recover and has made back the losses from the outside day to the downside on Thursday, Bulls have to break above 0.7180 resistance to travel to 0.7220 and ultimately to 0.7300 to the upside. Support is at 0.7150, 0.7120 and 0.7100 figure.
With the potential Trade deal getting even closer among the worlds two largest economy and trump delaying the tariffs, The Australian Dollar may appreciate but NOT too much. In the analysis below i explained why the AUD is in for some benefit but DO NOT expect it rally should the trade deal be made! Same goes Fundamental analysis goes for the EURAUD however in...
US coal index short. global warming is real gl hf xoxo snoop
Coal India is Offering for Sale (OFS) its shares at 5% Discount on Retail. The Current Price is 275.85 and the Company is offering its shares at 266 (Floor Price) from 9:15 AM to 3:30 PM for 31st October and 1st November. If we are able to get our hands on this share at a price of around 266 area, it would be in our Buy Zone of the Symmetrical Triangle. We could...
bull case for coal stocks, with rising exports/rising gas prices/cold winter forecast.... May '19 target of ~$7 at the neckline
Coal has been on the rise and it is now at the same level as in 2012 before it collapse all the way to 50s in 2016. This prediction is a bit shabby, but I tried my best because this commodity has been supporting Indonesia's economy since late 2017, and another reason that this analysis is shabby because I'm not using the candle, I used Heikin Ashi in order to...
fibs at 0.786 volume spike RSI peak 1st target - 0.52p 2nd target - 0.88p
Trying out my TA for a stock my father is interested in. Lets see what happens
A solid risk vs reward trade looks to be setting up on the Bathurst Resources chart. We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ratio
Just finished writing a detailed analysis of ADES in which I talk about the growing demand for refined coal both in the United States, and more importantly Southeast Asia. ADES is sitting on loads of cash, its turning around its cash from operations, and has a solid catalyst in its chemicals business that puts it ahead of the industry. Using DCF it has a fair...
pullback to/beyond rising support , may provide a VERY good opportunity
Cokal Limited have recently announced a non binding LOI for the sale of 50,000 tonnes of high grade coal per month. The LOI is expected to move over the next few days into a binding agreement which should see the company achieve a valuation based on the project economics The project basics Non binding LOI for A$400m of coal sales at 50k t/month US$126/t assumed...
Looks like a perfect 5 wave upmove ( 5th wave in extension ) is already done.. may short the stock with an immediate target of 265-264 and then 250..
Coal (here shown as KOL, that is, its ETF) seems to be forming an ascending triangle. Now it is approaching support so you may consider buying if it bounces off (or wait until it breaches the support if you are more conservative).
Fundamentals around Copper, Steel rebar, Iron ore, Coal not looking so rosy currently. Technically Copper HG looking weak. Dec'16 lows could be next resistance at 2.4785 (Approx LME 5500), a further significant break here could see 38.2% Fib area tested (2.3425) then Nov lows of 2.09. Support may be found at 2.5935.