Coal Fundamental Analysis

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At the end of trading on Thursday morning , Rotterdam's coal price rises pushed higher crude oil prices. At the end of the trading, price of coal Rotterdam futures contract in August 2016 rose to around 62.60 dollars per ton. Commodity prices gained 0.40 dollars or equivalent to 0.64 percent compared to the previous closing.

The estimate predicted that the price movement of coal futures Rotterdam at the next trade potentially strengthened by the potential weakening of the US dollar after minutes of the Fed signals a dovish US rate hike and also bad unemployment claims prediction from economist. The price of coal futures could potentially test the resistance level at 63.10 dollars and support at the 62.10 level.

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In late trading the weekend early Saturday (20/08), Rotterdam coal prices ended down depressed strengthening US dollar. US dollar rose 0.4 percent against a basket of six major currencies as rising expectations of investors with a greater chance that the Fed will raise rates this year.

 

Rotterdam coal price futures for the most active contract is a contract in September 2016 dropped in position 59.90 dollars per ton. This commodity prices decreased by -1.45 dollars, equivalent to -2.36 percent compared to the previous closing.

 

For this week, the price of coal sank -5.30 percent, largely eroded by profit-taking after soaring coal prices last week. It looks like the price of coal futures Rotterdam at the next trade potentially weak with sentiment strengthening US dollar.

 

The price of coal futures could potentially test the support level at 59.40 and the second support level at 58.90. While the level of resistance to be tested if the price increase is at 60.40.

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At the end of trading Tuesday morning (23/08), Rotterdam coal prices rebound, ended up ignoring the weakening of crude oil and the strengthening of US dollar. In addition Rotterdam Coal prices rose compelled to bargain hunting, after last week dropped by 5 percent. This is used by investors to buy. Rotterdam coal price futures for the most active contract is a contract in September 2016 rebound at 60.15 dollars per ton. The commodity price increased by 0.25 dollars or equivalent to 0.42 percent compared to the previous closing.

 

So it estimates that coal futures price movements Rotterdam at the next trade has the potential to rise to the weakening US dollar sentiment. The price of coal futures could potentially test the resistance level at 60.65 dollars and Resistance positions both at the level of 61.15 dollars. While the level of support that will be tested if prices decline in at 59.65 dollars and 59.15 dollars considering the fundamental data in this evening.

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At the end of trading Wednesday morning (24/08), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have depressed by the strengthening US dollar. The US dollar edged up 0.01 percent against a basket of currencies, with the hawkish sentiment US interest rates was still shadowed by poor US manufacturing growth in August.

 

Rotterdam coal price futures for the most active contract is a contract in October 2016 dropped to 60.85 dollars per ton. The commodity price decline around -0.15 dollars, equivalent to 0.25 per cent compared to the previous closing.

 

Today it is estimated that the coal price movement in trading futures Rotterdam potentially weak with sentiment further strengthening of the US dollar. The price of coal futures could potentially test the support level at 60.15. While the level of resistance to be tested if the price increase is on 61.35.

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At the end of trading on Thursday morning (25/08), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices extended losses in late trading on Thursday morning, due to an unexpected rise in US crude inventories that reignited concerns about a supply glut that has weighed on prices over the last two years.

 

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in September 2016 slump in the position of 59.00 dollars per ton. Commodity prices decreased by -0.75 dollars, equivalent to -1.26 percent compared to the previous closing.

 

For now I estimate that the price movement of coal futures Rotterdam at the next trade potentially weak with sentiment weakening crude oil supply glut depressed sentiment and pessimism freezing production meetings.

 

The price of coal futures potentially test support level at 58.50 dollars and support positions both at the level of 58.00 dollars. While the level of resistance to be tested if the price increase is at 59.50 dollars and 60.00 dollars.

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At the end of trading Friday morning (26/08), Rotterdam coal price rise pushed the oil price increase mentah.  Crude oil price rose 1 percent in late trading Friday morning earlier triggered expectations the dollar will weaken after the keynote speech Friday by US Federal Reserve Chairman Janet Yellen , making the commodity currencies this dollar more attractive for holders of other currencies.  At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position at 60.30 dollars per ton. Commodity prices gained 0.10 dollars or equivalent to 0.17 percent compared to the previous closing. 

 

Rotterdam Coal futures prices are expected to rise in line with the dollar potential weakness and the prediction of  Yellen's dovish  speech tonight. The price of coal futures could potentially test the resistance level at 60.80 dollars and   the next resistance level at 61.30 dollars. While the level of support that will be tested if prices decline is actually located at 59.80 dollars.

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In late trading the weekend early Saturday (27/08), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rose in late trading ended the weekend early Saturday, after comments from Fed Chairman Janet Yellen and report missile activities in Saudi Arabia.

 

At the end of the trading price of coal Rotterdam futures contract for September 2016 in the position of 59.75 dollars per ton. Commodity prices strengthened by 0.80 dollars or equivalent to 1.36 percent compared to the previous closing.

 

Rotterdam weekly basis is still weak coal prices largely depressed weakening crude oil prices and the strengthening US dollar. It is estimated that the price movement of coal futures Rotterdam at the next trade will weaken with the potential strengthening of  US dollar after Fed official statement reinforces expectations of US rate hike.

 

The price of coal futures potentially test support level at 59.25 and 58.75 or may even lower. While the level of resistance to be tested if the price increase is exactly at 60.25.

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At the end of trading on Thursday morning (01/09), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices fell 3 percent in late trading Thursday morning, after government data showed an increase in weekly inventories more than expected for crude oil and distillate withdrawal of United States and a smaller-than-expected in gasoline.

Rotterdam coal futures price movements at the next trade potentially weak with sentiment weakening crude oil supply glut depressed sentiment and pessimism freezing production meetings. However, if US dollar weakens then it will raise the price of coal. The price of coal futures potentially test support level at 62.15 and support positions at around 61.65. While the level of resistance to be tested if the price increase is in the position of 63.15 and then to 63.65

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At the end of trading Friday morning (02/09), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices fell about 3 percent in late morning trade on Friday, triggered by investor pessimism towards the possibility of freeze OPEC production and supply fears growing glut of US crude inventories.

 

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in October 2016 slump in the position of 62.50 dollars per ton. The commodity price decline of -0.15 dollars, equivalent to -0.24 percent compared to the previous closing. It estimated that coal futures price movements Rotterdam at the next trade will look at the data the US Non-Farm Payrolls which indicated weakening. 

 

If realized, it would weaken the US dollar and may strengthen coal prices. The price of coal futures could potentially test the resistance level both at 63.00 dollars and  63.50 dollars. While the level of support that will be tested if prices decline to both between 62.00 dollars and 61.50 dollars.

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In late trading the weekend early Saturday (03/09), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices surged 3 percent in late trading weekend early Saturday supported the statement was optimistic Russia for suspending production, also after reporting weaker growth in the US non-farm payrolls in August could depress the dollar. But crude oil futures remained on track for big weekly loss on fears of a global glut.

At the end of the trading price of coal Rotterdam futures contract for September 2016 in the position of 61.90 dollars per ton. Commodity prices gained 0.65 dollars or equivalent to 1.06 percent compared to the previous closing. In the weekly price of coal remains strong 3.60 percent helped by rising crude oil prices.

It seems that coal futures price movements Rotterdam at the next trade will weaken with the potential strengthening of US dollar. The price of coal futures potentially test support level at 61.40 dollars. While the level of resistance to be tested if the price increase is at 62.40 dollars and then 62.90 dollars.

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At the end of trading Tuesday morning (06/09), Rotterdam coal price rises pushed higher crude oil prices. Crude prices in trading Monday evening ride after a joint statement from Saudi Arabia and Russia for cooperation to support the oil market. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 63.65 dollars per ton. Commodity prices gained 0.30 dollars or equivalent to 0.47 percent compared to the previous closing.

 

The price of Coal futures itself estimated to rise to higher level considering the potential of dollar weakness, if tonight weakening US growth data services. The price of coal futures could potentially test the resistance level at 64.10 dollars and then to 64.60 dollars. While the level of support that will be tested if prices decline is at 63.10 dollars.

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At the end of trading Wednesday morning (07/09), Rotterdam coal price rise pushed by US crude oil price increases because ofSaudi Arabia and Russia agreed on Monday to cooperate in world oil markets, pushing Brent crude jumped nearly 5 percent. However, the increase in retained after Saudi Arabia Energy Minister Khalid al-Falih said there is no need to freeze production at this time.

 

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 63.85 dollars per ton. Commodity prices gained 0.20 dollars or equivalent to 0.31 percent compared to the previous closing. The analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise since there is a potential dollar weakness with the easing of US interest rate hikes.

 

The price of coal futures could potentially test the resistance level at 64.40 dollars and then to the next resistance at level 64.90 dollars. While the level of support that will be tested if prices decline is at 63.40 dollars and then to around 62.10 dollars.

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At the end of trading on Thursday morning (08/09), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have depressed the strengthening US dollar. Rotterdam coal price futures for the most active contract is a contract in October 2016 dropped in position 62.00 dollars per ton. Commodity prices decreased by -1.85 dollars, equivalent to -2.90 percent compared to the previous closing.

 

Tonight will be released weekly crude inventory data by the US EIA, which is indicated to decrease. If realized, it will lift the price of crude oil. Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise to a potential rise in crude oil prices.

 

The price of coal futures could potentially test the resistance level at 62.50 dollars and then the next resistance level which location is at 63.00 dollars. While the level of support that will be tested if the price increase is at 61.50 dollars and then next to 61.00 dollars.

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At the end of trading Friday morning Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have eroded by the strengthening US dollar fell. The dollar index, which measures the dollar against a basket of currencies, was up 0.1 percent at 95.06. Recovery of the dollar after the European Central Bank maintained its economic stimulus program.

 

Rotterdam coal price futures for the most active contract is a contract in October 2016 dropped in position 61.15 dollars per ton. Commodity prices decreased by -0,85 dollars, compared to the previous closing. It estimated that coal futures price movements Rotterdam at the next trade potentially weak with potentially weakening crude oil prices are expected to hit by profit-taking.

 

The price of coal futures potentially test support level at 60.60 dollars and then to the lower level up to around 60.10 dollars. While the level of resistance to be tested if the price increase is at 61.60 dollars and then to 62.10 dollars if can break that first resistance .

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In late trading the weekend early Saturday (10/09), Rotterdam coal price rises driven decline in coal production.Manufacturers have been lowered with an estimated annual production of 20.9 million st, or 24%, according to S & P Global Platts Analytics. China also has reduced coal production capacity of 150 million tons in the first eight months of this year, representing 60 percent of the 2016 target for cutting capacity, state media said Friday, citing the state planners.

At the end of the trading price of coal Rotterdam futures contract for October 2016 is at 61.30 dollars per tonne. This commodity prices strengthened by 0.15 dollars or compared to the previous closing. For the week, the price of coal fell -3.25 percent, mostly pressured the strengthening US dollar.

It estimated that futures price movements Rotterdam at the next trade with weak potential by the strengthening of US rate hike. The price of coal futures could potentially test support at 60.80 dollars and then next support at 60.30 dollars. While the level of resistance to be tested if the price increase is at 61.80 dollars and then to around 62.30 dollars.

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At the end of trading Tuesday morning (13/09), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices rose in late trading early Tuesday morning because of the weakening US dollar and the strengthening of the US stock market helped crude oil rebounded from earlier declines are depressed by fears of rising oil drilling activity in the United States.

At the end of the trading price of coal Rotterdam futures contract for November 2016 in the position of 61.05 dollars per ton. Commodity prices gained 0.35 dollars or equivalent to 0.58 percent compared to the previous Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise to a potential dollar weakness with the easing of US interest rate hikes. The price of coal futures could potentially test the resistance level at 61.50 dollars and 62.00 dollars. While the level of support that will be tested if prices decline is at 60.50 dollars and then towards 60.00 dollars.

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At the end of trading Wednesday morning (14/09), Rotterdam coal price rises driven increase in demand. The new mining rules in China that are designed to reduce the production has created an artificial shortage and led to a surge of imports, the development coincides with the closure in the whole world for a prolonged period of low prices.

 

China's policy that limits the production of the mine for 276 days per year, has an effect on the accumulation of coal, but signs are emerging of the rules upside down with some mines are allowed to produce additional material to help curb price rises recently. The biggest concern for the Chinese government is that the manipulation of the production may lead to a shortage of coal energy as winter approaches the north, forcing higher electricity prices.

 

At the end of the trading price of coal Rotterdam futures contract for November 2016 in the position of 61.65 dollars per ton. Commodity prices strengthened by 0.60 dollars or equivalent to 0.98 percent compared to the previous closing. Coal futures price movements Rotterdam at the next trade potentially weak with the potential weakening of crude oil with estimated US weekly crude oil inventories increased.

 

The price of coal futures could potentially test support level at 61.15 dollars and next support at 60.65 dollars. While the level of resistance to be tested if the price increase is at 62.15 dollars and then to around 62.65 dollars.

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At the end of trading on Thursday morning (15/09), Rotterdam coal price closed up triggered by the weakening US dollar. Since the expectation for US Federal Reserve to raise rates at its policy meeting next week has subsided, putting pressure on USD, so the overnight US dollar index fell 0.23 percent against a basket of currencies.

The weakening US dollar makes the price of coal sold rotterdam denominated in dollars become cheaper, so the demand is increasing. Rotterdam coal price futures for the most active contract is a contract on December 2016 which ended up at 61.55 dollars per ton. 

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially strengthened by the potential dollar weakness to start waning back US rate hike expectations and potentially test the resistance level at 62.00 dollars and support level at 61.00 dollars.

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At the end of trading Friday morning (16/09), Rotterdam coal price rise pushed US crude oil price increases.Crude oil prices rose in late trading Friday morning, ending a two-day decline helped spike in gasoline prices and rising futures on Wall Street. At the end of the trading price of coal Rotterdam futures contract for November 2016 at 63.00 dollars per tonne. Commodity prices strengthened by 0.70 dollars or equivalent to 1.12 percent compared to the previous closing.

It estimated that coal futures price movements Rotterdam at the next trade potentially weak following the weakening of crude oil glut that depressed global worries. Coal futures' price could potentially test support at 62.50 dollars and 62.00 dollars. While the level of resistance to be tested if the price increase is at 63.50 dollars and 64.00 dollars.

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At the end of trading early on Saturday (17/09), Rotterdam coal prices ended down depressed crude oil prices declining and Crude oil prices fell 2 percent in late morning trading Friday weekend due to swelling of Iran's exports strengthens global glut concerns, while gasoline rallied on refinery and pipeline outages.

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in October 2016 dropped in position 63.75 dollars per ton. Commodity prices decreased by -0.05 dollars, equivalent to -0.08 percent compared to the previous closing. On a weekly basis, coal prices still jumped 4 percent, largely helped by rising crude oil prices.

It is estimated that the movements of Coal's future price on Rotterdam at the next trade would potentially weak if US dollar continues to strengthen after US inflation data rose. The price of coal futures potentially test support level at 63.25 dollars. While the level of resistance to be tested if the price increase is at 64.25 dollars.

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At the end of trading Tuesday morning (20/09), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices rose in late trading Tuesday morning (9/20) after Venezuela signaled that OPEC and other major oil producers could agree to support an agreement freezing the production and clashes in Libya is undermining efforts to boost crude exports.

US crude futures rose 0.7 percent, at $ 43.31 per barrel while Brent crude futures rose 32 cents cents to $ 46.09 a barrel at 01:36 ET.At the end of the trading price of coal Rotterdam futures contract for December 2016 at 62.85 dollars per ton. Commodity prices strengthened by 0.60 dollars compared to the previous closing.

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak following the weakening of crude oil glut that depressed global worries. Coal futures may test support level at 62.35 dollars and the resistance level which will be be test is at 63.35 dollars and 63.85 dollars.

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At the end of trading Wednesday morning (21/09), Rotterdam coal price rise pushed US crude oil price increases.Crude oil prices rose in late trading on Wednesday morning, after the market responded OPEC comments that the deal freezing production might last longer than expected.

 

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 64.55 dollars per ton. Commodity prices gained 0.05 dollars or equivalent to 0.08 percent compared to the previous closing. Coal futures price movements Rotterdam at the next trade is projected to rise based on the potential of dollar weakness with an estimated US interest rates unchanged.

 

The price of coal futures could potentially test the resistance level at 65.00 dollars and next resistance level at 65.50 dollars. While the level of support that will be tested if prices decline is at 64.00 dollars and then fall towards 63.50 dollars.

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At the end of trading on Thursday morning (22/09), Rotterdam soaring coal prices pushed by Fed's decision to keep interest rates weaken the US dollar. The US Federal Reserve kept interest rates unchanged at Thursday's meeting this morning (22/09) but give a strong signal to the tightening of monetary policy by the end of this year as the labor market improves further.

Fed Chairman Janet Yellen, speaking after the central bank's latest policy statement, said the US is seen strong growth and rate hike would be needed to keep the economy strong and triggering high inflation.

Yellen said she hoped a rate increase this year if the labor market continues to increase and new risks are not raised. The sharp rise in coal prices also supported the surge in crude oil prices. Crude oil prices rose about 3 percent in late trading Thursday morning compelled surprise drop in crude oil inventories were reported to the US government and the Fed's decision to keep interest rates.

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 66.15 dollars per ton. Price strengthened by 2.48 percent compared to the previous closing. Coal futures price movements at Rotterdam on next trade is projected to rise by potential weakening US dollar with US interest rate decision unchanged. The price of coal futures could potentially test the resistance level at 66.65 dollars and . While the level of support that will be tested if prices decline is at 65.65 dollars.

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At the end of trading Friday morning (23/09), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have dropped hampered by profit-taking. Rotterdam Coal prices continue to contract in December 2016 increased in three consecutive trading sessions, written off over 3 percent surge, so it is used by investors to profit taking. 

Rotterdam coal price futures for the most active contract is a contract in December 2016 dropped in position 64.00 dollars per ton. Commodity prices decreased by -0.30 dollars, equivalent to -0.47 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise considering the dollar weakness with the Fed's decision to keep interest rates.

It seems that the price of coal futures would be potentially test the resistance level at 64.50 dollars and the next reesistance level at 65.00 dollars. While the level of support that will be tested if prices is decline is at 63.50 dollars and 63.00 dollars only after the first support broken.

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In late trading the weekend early Saturday (9/24), Rotterdam coal price rise pushed the increasing demand of China and coal price projections. Chinese coking coal imports rose sharply in August amid China's domestic coal supply depletion caused by government restrictions on production capacity, forcing many Chinese buyers to overseas markets despite a much higher price.

 

Imports of coking coal to China during January-August was 37.9 million tons, up 17 percent compared to the same period a year earlier, at 32.4 million tons. Goldman Sachs Group Inc. has responded coking coal dramatic rally by forecasting higher prices for commodities this year's best.

 

Spot coking coal rose more than doubled this year to trade above $ 205 per metric ton for the Chinese government's new policy reduces the number of annual working days in the mine.At the end of the trading price of coal Rotterdam futures contract for October 2016 at 66.90 dollars per ton. Commodity prices gained 0.45 dollars compared to the previous closing.

 

Analyst estimates that coal price movement in trading futures Rotterdam potential to rise further dollar weakness supported. The price of coal futures could potentially test the resistance level at 67.40 dollars. While the level of support that will be tested if the price increase is at 66.40 dollars and 65.90 dollars.