Coal Fundamental Analysis

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At the end of trading Tuesday morning (27/09), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices rose nearly 3 percent in late trading Tuesday morning meeting supported the optimism in the world's largest manufacturer in Algeria to discuss ways to freeze production.

At the end of the trading price of coal Rotterdam futures contract for December 2016 is at 65.00 dollars per ton. Commodity prices gained 0.90 dollars or equivalent to 1.40 percent compared to the previous closing. It estimated that Rotterdam Coal futures price movements at the next trade will examine the world's oil producers meeting in Algeria to deal freezing production, which if successfully reached agreement will lift oil prices and support coal prices.

The price of coal futures could potentially test the resistance level at 65.50 dollars and then next to around 66.50 dollars. While the suport level which will be test if the price declined is at 64.50 dollars and if able to break it then will fall further to 64.00 dollars.

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At the end of trading Wednesday morning (28/09), Rotterdam ended weaker coal prices depressed crude oil prices tumbled.Oil prices slumped 3 percent in late morning trading after Saudi Arabia said do not expect to agree on production cuts at a meeting with other producers in the Algerian capital, while Iran is also not willing to freeze the current production.

 

Saudi Energy Minister Khalid al-Falih told reporters in Algiers, in which OPEC and other oil producers have gathered for the International Energy Forum September 26 to 28, that Iran, Libya and Nigeria should be allowed to produce at the maximum level throughout their history.

 

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in December 2016 sank in position 64.95 dollars per ton. Commodity prices decreased by -0.05 dollars, equivalent to -0.08 percent compared to the previous closing.

 

Coal futures price movements Rotterdam at the next trade is projected to rise by US dollar weakness also The price of coal futures could potentially test the resistance level at 65.50 dollars and if declined will test the support level for today at 64.00 dollars.

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At the end of trading on Thursday morning (29/09), Rotterdam Coal soaring the price and pushed US crude oil price to the higher level. Oil prices closed jumped more than 5 percent in late trading Thursday morning after an agreement was reached to limit OPEC crude oil production in Algeria meeting to be held on November policy meeting in Vienna.

Organization of Petroleum Exporting Countries (OPEC) reached an agreement to limit production by nearly one million barrels per day to 32.5 million barrels per day in the talks held on the sidelines of the International Energy Forum on September 26 to 28 in Algiers, according to a Reuters release.

US crude oil futures price of West Texas Intermediate (WTI) closed up $ 2.38, or 5.3 percent, to $ 47.05 per barrel, while Brent crude oil futures closed up $ 2.72, or 5.9 percent, at $ 48.69 per barrel, reaching more than two-week high of $ 48.96.

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 70.70 dollars per ton. Commodity prices strengthened by 2.80 dollars or equivalent to 4.17 percent compared to the previous closing. Tonight will US growth data released second quarter-final, which indicated rising. If realized, it will strengthen the US dollar.

Coal price movement in trading futures Rotterdam will further weaken the strengthening US ddollar. The price of coal futures could potentially test the support level at 70.20 dollars and 69.70 dollars. While the level of resistance to be tested if the price increase is at 71.20 dollars and 71.70 dollars.

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At the end of trading Friday morning (30/09), Rotterdam coal price rise pushed by US crude oil price which increases. Crude oil prices ended the day up more than one-month high in late morning trade on Friday supported by optimism over OPEC's plan to limit production.

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 71.85 dollars per ton. Commodity prices gained 1.15 dollars or equivalent to 1.63 percent compared to the previous closing.Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken if profit taking in oil prices persisted.

The price of coal futures could potentially test the level of support at 71.30 dollars and then will fall deeper if can break it to around 70.80 dollars. While the level of resistance to be tested if the price increase is at 72.30 dollars and 72.80 dollars.

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At the end of trading early on Saturday (01/10), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have dropped hampered by profit-taking.

 

Coal prices Rotterdam November 2016 contract continued to rise in four consecutive trading sessions, post the surge nearly 7 percent, so it is used by investors to profit taking.

 

Rotterdam coal price futures for the most active contract is a contract in November 2016 fell in the position of 69.45 dollars per ton. Commodity prices decreased by 1.35 dollars, or equivalent to 1.91 percent compared to the previous closing. On a weekly basis, coal prices jumped 6.03 percent, largely driven surge in crude oil prices.

 

While on a monthly basis, coal prices jumped 11.66 percent higher, largely supported the surge in crude oil prices and the Fed's decision to keep interest rates remain the US dollar weakens.

 

Tonight will release the ISM Non-Manufacturing PMI September indicated increased. If realized, it will strengthen the US dollar. Coal futures price at the next trade has potential to weakening against US Dollar.

 

The price of coal futures potentially test support level at 69.00 dollars and the next support at 68.50 dollars. While the level of resistance to be tested if the price increase is at 70.00 dollars and if able to break it then towards 70.50 dollars.

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At the end of trading Tuesday morning, Rotterdam coal price rise pushed by US crude oil price which increases. Crude oil prices rose about 1 percent in late morning trading Tuesday after the Iranian leader's comments urgent need for other oil producers to join OPEC in favor of the market.

At the end of the trading price of coal Rotterdam futures contract for November 2016 at 73.25 dollars per ton. Commodity prices gained around 3.80 dollars or equivalent to 5.47 percent compared to the previous closing. So today it estimated that Coal's Rotterdam price at the next trade has potential to weaken as the ongoing weakening of oil prices depressed the supply glut.

The price of coal futures could potentially test the support level at 72.75 dollars first and then fall towardsf 72.25 dollars. While the level of resistance to be tested if the price increase is at of 73.75 dollars and then to around 74.25 dollars.

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At the end of trading Wednesday morning (05/10), Rotterdam soaring coal prices pushed US crude oil price increases. Crude oil prices edged higher in choppy trading in late morning trading on Wednesday inspired by OPEC plans to reduce production, but a stronger dollar and a weaker Wall Street zoomed profit. At the end of the trading price of coal Rotterdam futures contract for January 2017 is at 71.30 dollars per ton. Commodity prices strengthened by 2.25 dollars or equivalent to 3.26 percent compared to the previous closing.

Tonight will be released weekly crude oil inventory data indicated the US is increasing. If realized, it will push the price of crude oil. Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken if the realized crude oil prices declined. The price of coal futures could potentially test support level at 70.80 dollars and 70.30 dollars. While the level of resistance to be tested if the price increase is at 71.80 dollars and if able to break it then towards 72.30 dollars.

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At the end of trading on Thursday morning (06/10), Rotterdam coal price rise pushed US crude oil price increases. Crude oil prices reached session highs in late trading Thursday morning, rose to the highest since June, after the US government reported an unexpected drop in weekly crude oil inventories.

US crude oil futures prices closed up $ 1.14, or 2.3 percent, at $ 49.83, after earlier rising to $ 49.97, the highest level since June 29. Brent crude oil futures prices rose, 89 cents, or 1.8 percent, to $ 51.76 a barrel, down from the nearly four-month high of $ 52.09 earlier in the session.

At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 75.70 dollars per ton. Commodity prices gained 0.10 dollars or equivalent to 0.13 percent compared to the previous closing. Tonight will be released Continuing Jobless Claims Initial Jobless Claims and indicated increases. If realized, it will depress the US dollar.

Coal futures price movements Rotterdam at the next trade could potentially increase if the US dollar declines realized. The price of coal futures could potentially test the resistance level at 76.20 dollars and 76.70 dollars. While the level of support that will be tested if prices decline is at 75.20 dollars and 74.70 dollars.

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At the end of trading Friday morning (07/10), Rotterdam coal price rise pushed by US crude oil price increases. US crude oil prices ended above $ 50 for the first time since June in late morning trade on Friday, buoyed by news of an informal meeting of OPEC's production cuts and a surprise decline in oil inventories.

The price of US crude oil futures closed up 61 cents, or 1.2 percent, at $ 50.44 per barrel, the best closing level since June 9. climbed to a session peak of $ 50.58 on Thursday. At the end of the trading, price of coal Rotterdam futures contract for December 2016 at 75.20 dollars per ton. Commodity prices strengthened by 1.85 dollars or equivalent to 2.52 percent compared to the previous closing.

Tonight will be released the data the US Non Farm Payrolls September indicated increased. If realized, it will strengthen the US dollar. Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken when the US dollar declined to be realized. also has potential to test support at 74.70 dollars. While the resistance tested if the price increase is at 75.70 dollars and 76.20 dollars.

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In late trading the weekend early Saturday (08/10), the price of coal Rotterdam ended weaker and depressed by the declining of crude oil prices. Crude oil prices fell more than 1% in late trading weekend early Saturday after by triggered profit taking last week. Crude oil prices rallied nearly 15 percent to a four-month high amid expectations OPEC crude oil production cuts.

Also weighing on the market is the steady rise in US oil drilling because of the trade price at or near $ 50 per barrel. A report on the oil services company Baker Hughes on Friday showed the US added drillers refinery in 14 of the last 15 weeks.

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in November 2016 which slipped to around 76.05 dollars per ton. Commodity prices decreased by 0.55 dollars, compared to the previous closing. Weekly coal prices jumped 9.5 percent surge in crude oil prices supported.

Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise by dollar weakness after weak US jobs data. The price of coal futures could potentially test the resistance level at 76.50 dollars and 77.00 dollars. While the level of support that will be tested if prices decline is at 75.50 dollars and then towards 75.00 dollars.

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At the end of trading Tuesday morning (11/10), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have eroded by the strengthening US dollar. The dollar index, which measures the dollar against a basket of currencies, rose 0.40 percent at 96.90.

 

Strengthening of the US dollar after the second US Presidential candidate debate tends to give Clinton win over Trump.

 

Rotterdam coal price futures for the most active contract is a contract in December 2016 dropped towards 73.10 dollars per ton. Commodity prices decreased by -1.40 dollars, equivalent to -1.88 percent compared to the previous closing.

 

Analyst estimates that coal futures price movements 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 72.60 dollars and the next support which will be hit if able to break first support at 72.10 dollars. While the level of resistance to be tested if the price increase is at 73.60 dollars and 74.10 dollars.

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At the end of trading on Thursday morning , Rotterdam coal price rise pushed the increase in Chinese coal imports. China's coal imports surged 15 percent during the first nine months of this year, the local mines were forced to close, uninterrupted supply and steel mill to boost production.

Surprising turnaround Chinese imports have helped drive up the price of coking coal over the past three months, while the thermal coal used in power plants, rose more than 50 percent this year. At the end of the trading price of coal Rotterdam futures contract for October 2016 gained 65 dollars or equivalent to 2.30 percent compared to the previous closing.

Tonight will be released weekly crude oil inventory data indicated the US is increasing. If realized, it will push the price of oil, so coal futures price movements Rotterdam at the next trade will weaken if oil prices weaken realized. The price of coal futures could potentially test support at 72.85 dollars and 72.35 dollars. While resistance to be tested if the price increase is at 73.85 dollars and 74.35 dollars.

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At the end of trading Friday morning (14/10), Rotterdam coal price rise pushed the increase in crude oil prices. Crude oil prices rose in late trade on Friday morning, after the US government reported a drop in diesel and gasoline inventories helped prices rebound from a loss to overcome crude oil inventory data which rose to the highest in six weeks.

 

At the end of the trading price of coal Rotterdam futures contract for November 2016 at 74.90 dollars per ton. Commodity prices strengthened by 0.61 dollars or equivalent to 0.80 percent compared to the previous closing. Tonight will release Retail Sales Data Michigan Consumer Sentiment September and October, which indicated increased.

 

Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken if the US dollar strengthened realized. The price of coal futures could potentially test support at 74.40 dollars and 73.90 dollars. While the resistance level to be tested if the price increase is at 75.40 dollars and 75.90 dollars.

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At the end of trading early on Saturday (15/10), Rotterdam coal price rises pushed to the bullish sentiment. Concerns over coal supply after the declaration of force majeure by the two companies Anglo American and South 32 in the last two months, coupled with an ongoing shortage of coal in China led to the price rally.

 

At the end of the trading price of coal Rotterdam futures contract for November 2016 at 76.15 dollars per ton. Commodity prices gained 1.25 dollars or equivalent to 1.67 percent compared to the previous closing. Tonight will be released the data, Industrial Production and Manufacturing Production is expected to increase in September. If realized can help lift the US dollar.

 

Analysts estimate that coal futures price movements Rotterdam at the next trade will weaken if the US dollar strengthened realized and Coal futures price could potentially test support level at 75.65 dollars and 75.15 dollars. While the resistance level to be tested if the price increase is at 76.65 dollars and 77.14 dollars.

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At the end of trading Tuesday morning (18/10), Rotterdam coal price closed up triggered by the weakening US dollar. Record coal prices supported the withdrawal of the US dollar from a seven-month peak reached earlier on Monday. The dollar index was down 0.1 percent at 97.956 after reaching 98.169.

 

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 ended up at 78.05 dollars per ton. This commodity price increased by 2.70 dollars or equivalent to 3.58 percent compared to the previous closing.

 

Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken with the potential strengthening of the US dollar. Coal futures potentially test support level at 77.50 dollars and 77.00 dollars. While resistance level to be tested if the price increase is at 78.50 dollars and 79.00 dollars.

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At the end of trading Wednesday morning (19/10), Rotterdam coal price rise pushed the increase in crude oil prices. Crude oil prices ended higher in late trading on Wednesday morning (19/10) supported expectations of OPEC production cuts in crude oil futures lifted from session lows.

 

US crude oil futures price of West Texas Intermediate (WTI) closed up 35 cents or 0.7 percent at $ 50.29, after earlier rising to $ 50.53. Brent crude futures rose 19 cents to $ 51.71 a barrel, down from a session peak of $ 52.09. At the end of the trading price of coal Rotterdam futures contract for November 2016 is at 83.30 dollars per ton. Commodity prices strengthened by 4.60 dollars or equivalent to 5.84 percent compared to the previous closing.

 

Coal futures price movements Rotterdam at the next trade will weaken if the US dollar strengthened realized. The price of coal futures could potentially test the support level at 82.80 dollars and 82.30 dollars. While resistance to be tested if the price rise is at 83.80 dollars and 84.30 dollars.

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At the end of trading on Thursday morning (20/10), coal prices depressed Rotterdam ended weak on profit taking after yesterday surging coal prices. Coal prices have jumped nearly 6 percent on Tuesday, supported the increase in crude oil, and for three sessions this week has increased by 8 percent. The surge in the price of coal is utilized traders to take profits.

 

Rotterdam coal price futures for the most active contract is a contract in November 2016 slumped towards the rate of 80.60 dollars per ton. Commodity prices decreased by -2.70 dollars, equivalent to -3.24 percent compared to the previous closing, and overall this means that bearish sentiment is coming.

 

So coal futures price estimated that coal futures price movements Rotterdam at the next trade will examine the movement of crude oil prices pressured a weak potential profit taking. The price of coal futures potentially test support level at 80.10 dollars. While resistance level to be tested if the price increase is at 81.10 dollars and 81.60 dollars.

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At the end of trading Friday morning (21/10), Rotterdam ended weaker coal prices depressed crude oil prices tumbled. Crude oil prices fell more than 2 percent in late morning trade on Friday (21/10), depressed profit taking and a stronger dollar.

 

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in November 2016 slipped in position 80.20 dollars per ton. Commodity prices decreased by -0.40 dollars, equivalent to -0.50 percent compared to the previous closing.

 

It estimated that Coal Futures price movement on Rotterdam exchange on the next session will potentially weak and triggered by the strengthening US dollar after ECB keep interest rates fixed. It also potentially test support level at 79.70 dollars. While the level of resistance to be tested if the price increase is at 81.20 dollars.

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At the end of trading Tuesday morning (25/10), Rotterdam coal price rises driven decline in Chinese supplies. The domestic price of coking coal, an important raw material for the steel sector, will continue to increase due to supply shortage, so the expert said as quoted by the Global Times, Monday (24/10).

 

Coal mines in the country, except those that have safety requirements that are specific, can only produce at least 276 days a year, limits which aims to cut coal production and maintain the development of the coal industry, according to a statement posted on the website of the National Development and Reform Commission on March. Previously, the coal mine could produce 330 days per year.

 

In the first nine months of 2016, China's production of coking coal sector down 1.6 percent at 331.74 million tonnes, according to data released by the NBS on 19 October.

 

At the end of the trading price of coal Rotterdam futures contract for November 2016 is at 83.55 dollars per ton. Commodity prices gained 1.55 dollars or equivalent to 1.89 percent compared to the previous closing.

 

Coal futures price movements Rotterdam at the next trade potentially strengthened by the decline in coal supply. However, it should be observed profit-taking take advantage of a surge in coal prices. The price of coal futures could potentially test resistance level at 84.00 dollars. While support that will be tested if prices decline is at 83.00 dollars.

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At the end of trading Wednesday morning (26/10), Rotterdam coal price rises driven decline in production in China. The Chinese Government urges major producers to exploit their most efficient mines at full capacity to ensure adequate supply, while the less efficient mines with outdated facilities should be closed, according to a meeting at the National Development and Reform Commission of China, which oversees the planning industry.

At a meeting with 16 coal miners, the National Development and Reform Commission (NDRC) of China said the manufacturer they must increase the supply to the market as quickly as possible. At the end of the trading session Coal futures for December 2016 was in a position of 82.85 dollars per ton. Commodity prices strengthened by 0.60 dollars or equivalent to 0.73 percent compared to the previous closing.

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially strengthened by the decline in coal supply. However, it should be observed profit-taking take advantage of a surge in coal prices. The price of coal futures could potentially test the resistance level at 83.35 dollars and 83.85 dollars. While support level that will be tested if the price declien at 82.35 dollars and 81.85 dollars.

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In late trading Thursday morning, Rotterdam closed up coal prices triggered weakening by US dollar. The dollar index slipped after rising as high as 99.119 on Tuesday, its highest level since February 1, largely driven by expectations of a US interest rate hike in December.

 

A weaker US dollar makes the price of coal rotterdam sold in US dollars become cheaper, so the demand is increasing. Rotterdam coal price futures for the most active contract, that contract ends in November 2016 peaked at 84.90 dollars per ton. The commodity price increased by 0.85 dollars or equivalent to 1.01 percent compared to the previous closing.

 

Coal price movement in trading futures Rotterdam potentially further weaken the potential strengthening of the US dollar and potentially test the Support level at around 84.40 dollars and  83.90 dollars. While the Resistance level to be tested if there is an increase is at both 85.40 dollars and 85.90 dollars.

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In late trading the weekend early Saturday (29/10), Rotterdam ended weaker coal prices depressed crude oil prices tumbled. Oil prices slumped in late trading weekend early Saturday (29/10) hampered doubt OPEC production cuts are planned. With the weakening of crude oil prices the commodity prices decreased by -0.60 dollars, equivalent to -0.78 percent compared to the previous closing.

 

Tonight will be released the data Personal Income and Personal Spending US September indicated increased. If realized, it will strengthen the US dollar. ACoal futures price movements Rotterdam at the next trade triggered a potentially weak US dollar strengthening.  The price of coal futures potentially test support level at 75.65 dollars and  at the level of 75.15 dollars.

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At the end of trading, Rotterdam coal prices rose after a coal mine accident in China that prompted concern the decline in production. Fifteen miners have been confirmed dead after an explosion rocked a coal mine in Chongqing, southwest China. The explosion occurred on the morning of October 31 in which 35 miners were working underground at the Coal Mine Jinshangou.

China has had a spate of mining accidents including one in March of this year when 20 workers were killed in an explosion in Shanxi province, central China. China is the world's largest producer and consumer of coal but has announced plans to shut down more than 1,000 mines obsolete.

Rotterdam futures contract for November 2016 rise towards 84.35 dollars per ton. Commodity prices strengthened by 2.00 dollars or equivalent to 2.43 percent compared to the previous closing. Tonight will be released ISM Manufacturing PMI and Markit Manufacturing PMI in October, which indicated increased. If realized the potential to strengthen the US dollar.

Coal futures price movements Rotterdam at the next trade potentially strengthened by the decline in coal supply. However, it should be observed profit-taking take advantage of a surge in coal prices. The price of coal futures could potentially test the resistance level at 84.85 dollars and 85.35 dollars.

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At the end of trading Thursday morning (11/2), Rotterdam coal prices ended weak by depressed crude oil prices. The price of crude oil fell almost 3 percent in late trade Thursday on Wednesday (03/11) after U.S. Government reported an increase in weekly us inventories hit record highs on global supply concerns increase satiety. Prices are little changed after the U.S. Federal Reserve maintain the policy interest rates unchanged.

 

With the weakening crude oil prices, the price of coal futures contract for Rotterdam's most active contract declined at 84.10 dollars per tonne. The commodity price decreased by 1.15 dollar or equivalent 1.35 per cent compared to the previous closing trade positions.

 

Analyst estimated that the price movements of futures Rotterdam coal on the next trade potentially rise triggered a weakening of the U.S. dollar after The US Fed keep interest rates constant. It also could potentially test support level at 83.60 dollars and 83.10 dollars. 

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At the end of trading Friday morning, Rotterdam coal price closed up triggered by the weakening US dollar. The political situation is still dominating currency markets on Thursday in which the US election concerns continue to weaken Dollar. The weakening US dollar makes the price of coal become cheaper, so the demand is increasing.

Rotterdam coal price futures for the most active contract is a contract in December 2016 ended up at around 85.10 dollars per ton. Commodity prices rose by 1.00 dollars or equivalent to 1.19 percent compared to the previous closing.

Coal futures price movements Rotterdam at the next trade will weaken with the potential strengthening of the US dollar. The price of coal futures potentially test support level at 84.60 dollars and if able to break it will fall towards next support level at 84.10 dollars.