Coal Fundamental Analysis

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In late trading the weekend early Saturday (05/11), Rotterdam coal price closed up triggered by the weakening US dollar. US dollar slipped on Friday with anxiety ahead of the US presidential election approaching, despite a steady US employment report which supports expectations for Federal Reserve interest rate hike next month.

 

The weakening US dollar makes the price of coal sold rotterdam denominated in dollars become cheaper, so the demand is increasing. Coal price futures for the most active contract is a contract in December 2016 ended up at 86.90 dollars per ton. Commodity prices rose by 1.80 dollars or equivalent to 2.12 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. The price of coal futures potentially test support level at 86.40 dollars and 85.90 dollars. While the level of resistance to be tested if the price increase is at 87.40 dollars and 87.90 dollars.

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At the end of trading Wednesday morning (09/11), Rotterdam Coal ended weaker because depressed by crude oil prices tumbled. Crude oil prices fell in late trading on Wednesday morning (09/11), after the US stock market climbed higher and cautionary look at the results of voting for the US presidential elections are still ongoing.

 

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in November 2016 slipped to around 87.10 dollars per ton. Commodity prices decreased by about 0.65 dollars or equivalent to 0.74 percent compared to the previous closing.

 

Analyst estimates that coal futures price movements Rotterdam at the next trade will examine the results of the US Presidential elections, which if won Donald Trump will push the price of crude oil and coal prices are also pressing.

 

The price of coal futures potentially test support level at 86.60 dollars and if able to break it will fall further to around 86.10 dollars. While the level of resistance to be tested if the price increase is at 87.60 dollars and then towards 88.10 dollars

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At the end of trading on Thursday morning (10/11), Rotterdam coal price rise pushed by the increase of crude oil prices. Crude oil prices closed up at the end of trading on Thursday morning (10/11), after the US financial markets bounced back after slipping Donald Trump following the surprise victory in the US presidential election.

At the end of the trading price of coal Rotterdam futures contract for December 2016 is at 90.15 dollars per ton. Commodity prices strengthened by 2.95 dollars or equivalent to 3.38 percent compared to the previous closing.

Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken the strengthening US dollar pressured by worries eased after the election of Donald Trump as president. It potentially test support level at 89.60 dollars and 89.10 dollars. While resistance to be tested if the price increase is at 90.60 dollars and 91.10 dollars.

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At the end of trading Friday morning (11/11), Rotterdam ended weaker coal prices depressed crude oil prices tumbled. Crude oil prices slipped in late trade on Friday morning (11/11) with investors again focused on fears of oversupply and doubt whether OPEC can run plan production cuts late November.

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in December 2016 sank towards 89,90 dollars per ton. Commodity prices decreased by 0.25 dollars or equivalent to -0.28 percent compared to the previous closing.

Tonight will be released economic data Michigan Consumer Sentiment November indicated increases. If realized, it will strengthen the US dollar. Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 89.40 dollars and 88.90 dollars. While the level of resistance to be tested if the price increase is in the position of 90.40 dollars and 90.90 dollars.

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At the end of trading Tuesday morning (15/11), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have eroded by the strengthening US dollar fell. The US dollar rose to a 11-month high against a basket of major currencies on Monday, along with the spike in US bond yields due to fiscal policy and trade under the government of Donald Trump would increase inflation.

The increase in the US dollar makes the price of US dollar denominated coal Rotterdam to be expensive so the demand is getting stronger and coal price futures for the most active contract is a contract in January 2017 dropped to 84.15 dollars per ton. Commodity prices decreased by 1.98 percent compared to the previous closing.

Coal futures price movements Rotterdam at the next trade is projected to rise by US dollar weakness. The price of coal futures could potentially test the resistance level at 84.65 dollars and 85.15 dollars. While the level of support that will be tested if prices decline is between 81.65 dollars and 81.15 dollars.

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At the end of trading Friday morning (18/11), Rotterdam ended weaker coal prices depressed the drop in crude oil prices and the strengthening US dollar. Crude oil prices fell in late trade on Friday morning (18/11), with expectations OPEC agreement to limit the production is still pressured by fears of oversupply and the strengthening US dollar.

 

Likewise, the strengthening US dollar also weighed on prices of Rotterdam Coal. US dollar on Thursday rose to a new high of 13.5 years against a basket of major currencies after the statement by Federal Reserve Chairman Janet Yellen. The dollar index, which measures the greenback against a group of six currencies, was last up 0.46 percent at 100.87.

 

With the weakening of crude oil prices and the strengthening US dollar, the price of coal Rotterdam most active futures contract slipped in position 80.40 dollars per ton. Commodity prices decreased by -1.60 dollars, equivalent to -1.95 percent compared to the previous closing.

 

Analyst estimates that coal futures price movements at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 79.90 dollars and  79.40 dollars. 

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In late trading the weekend early Saturday (19/11), Rotterdam coal prices ended down eroded by the strengthening US dollar. The increase in the US dollar makes the price of US dollar denominated coal Rotterdam to be expensive so the demand is getting stronger.

Rotterdam coal price futures for the most active contract is a contract in December 2016 dropped to around 79.65 dollars per ton. Commodity prices decreased by -0.75 dollars, equivalent to -0.93 percent compared to the previous closing. Meanwhile, the weekly coal prices continue to fall -10.86 percent, largely eroded by the strengthening US dollar and falling crude oil prices.

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. It has potential to test support level at 79.15 dollars and 78.65 dollars. While the level of resistance to be tested if the price increase is at 80.15 dollars and 80.65 dollars.

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At the end of trading on Thursday morning (24/11), Rotterdam coal price dropped . Coal prices have eroded by the strengthening US dollar. The increase in the US dollar makes the coal Rotterdam price to be expensive so the demand is getting stronger.

Rotterdam coal price futures for the most active contract is a contract in December 2016 slumped at 78.00 dollars per ton. Commodity prices decreased by -2.90 dollars, equivalent to -3.58 percent compared to the previous closing.

Coal futures at the next trade potentially weak with the strengthening US dollar. However, it should be observed profit-taking after prices plummeted. The price of coal futures potentially test support level at 77.50 dollars and 77.00 dollars.

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At the end of trading Friday morning (25/11), the coal price closed Rotterdam dropped, helped by bargain hunting. Bargain hunting going on after the previous trading price of coal dropped around 3.6 percents due to the strengthening US dollar.

The easing of US dollar strength with his off Thanksgiving Day commemorating the US market prompted investors to buy coal. Rotterdam coal price futures for the most active contract is a contract in December 2016 ended up at 82.25 dollars per ton. It surge about 5.45 per cent compared to the previous closing.

Coal futures price movements Rotterdam at the next trade potentially weak with the potential increase in the US dollar by strengthening expectations of rising US interest rates.The price of coal futures potentially test support level at 81.75 dollars and 81.25 dollars. While the level of resistance to be tested if the price increase is at 82.75 dollars and 83.25 dollars.

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In late trading the weekend early Saturday, Rotterdam coal price closed up triggered by the weakening US dollar. US dollar fell against major rivals on Friday as investors took advantage of the withdrawal of US bond yields and short week to consolidate the gains that have pushed the currency to a peak of nearly 14 years.

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 rise towards 82.40 dollars per ton by 0.15 dollars or equivalent to 0.18 percent compared to the previous closing.

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with a potential drop in crude prices depressed uncertainty ahead of OPEC production cuts this November 30th. The price of coal futures potentially test support level at 81.90 dollars and 81.40 dollars.

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At the end of trading Tuesday morning (29/11), Rotterdam coal price rise pushed the increase in crude oil prices. After earlier falling as much as 2 percent, mintah oil prices surged in early trading after Iraq's oil minister said the country would cooperate with the group to reach a deal to cut output.

At the end of the trading price of coal Rotterdam futures at 79.05 dollars per ton. Commodity prices strengthened by 2.50 dollars or equivalent to 3.27 percent compared to the previous closing. Tonight will be the second estimation data released third-quarter US economic growth that indicated increases. If realized, it will strengthen the US dollar.

Furthermore, the coal price futures could potentially test the support level at 78.50 dollars and at the level of 78.00 dollars. While the level of resistance to be tested if the price increase is between 79.50 dollars and 80.00 dollars.

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At the end of trading on Wednesday morning (30/11), Rotterdam coal price closed up triggered by the weakening US dollar. The US dollar fell a third consecutive day against all major rivals despite the increase in the data prelim Q3 2016 US GDP above expectations. 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 in December 2016 ended up in the position of 84.75 dollars per ton. The commodity price increased by 0.40 dollars or equivalent to 0.47 percent compared to the previous closing. Tonight will be released the data Adp US Employment Change November indicated increases. If realized, it will strengthen the US dollar.

Rotterdam Coal futures price at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 84.25 dollars and 83.75 dollars. While the level of resistance to be tested if the price increase is at 85.25 dollars and 85.75 dollars.

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At the end of trading on Thursday morning (01/12), Rotterdam coal price rises driven surge in crude oil prices. Crude oil prices jumped 9 percent in late trading Thursday morning after OPEC, the group of countries in the world's largest oil producer agreed to curb oil production for the first time since 2008 in a final attempt to support prices.

This commodity price actually traded at 85.60 dollars per ton. Commodity prices gained 0.85 dollars or equivalent to 1.00 percent compared to the previous closing. Tonight will be released November ISM Manufacturing PMI . If these results are realized, will strengthen the US dollar, and Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken stressed the strengthening US dollar.

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At the end of trading Friday morning (02/12), Rotterdam coal price slump ended. Coal prices have dropped ignore the rise in crude oil and a weakening US dollar. Coal prices have been hampered by weak profit taking.

Profit-taking after Rotterdam coal prices continue to rise this week to reach about 4 percent thus Rotterdam coal price futures for the most active contract is a contract in December 2016 slumped towards 85.15 dollars per ton. Commodity prices decreased by 0.45 dollars compared to the previous closing.

Analyst estimates that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 84.65 dollars and 85.15 dollars. While the level of resistance to be tested if the price increase is between 85.65 dollars and 86.15 dollars.

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In late trading the weekend early Saturday (03/12), Rotterdam coal price slump ended. Coal prices have dropped triggered decrease in Chinese consumption. In the first three quarters of 2016 decreased coal consumption is 68 million tons, or 2.4%. This is not surprising considering what the Chinese government to increase the capacity of renewable energy and reduce pollution from the coal sector.

Rotterdam coal price futures sank at 77.95 dollars per tonne decreased by 0.75 dollars compared to the previous closing. Weekly coal prices rose 1.83 percents largely supported the surge in crude oil prices and a weakening US dollar. Tonight will be released November Non-Manufacturing ISM data indicated increased. If realized, it will strengthen the US dollar.

Analysts estimate that coal futures price movements at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 77.50 dollars and 77.00 dollars.

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At the end of trading on Tuesday morning (06/12), Rotterdam coal price slump ended. Coal prices have dropped ignore the rise in crude oil and a weakening US dollar. Coal prices have been hampered by weak profit taking following a coal mine accidents in China.

Rotterdam coal price futures for the most active contract is a contract in December 2016 slumped towards around 75.95 dollars per ton. Commodity prices decreased by -2.00 dollars, equivalent to 2.57 percent compared to the previous closing.

Analysts estimate that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 75.50 dollars and 75.00 dollars. While the level of resistance to be tested if the price increase is between 76.50 dollars and 77.00 dollars.

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At the end of trading Wednesday morning (12/07), Rotterdam ended weaker coal prices depressed crude oil prices tumbled. Crude oil prices slipped in late trading on Wednesday morning (12/07), stressed the increase in crude oil production in almost every region of the main export though OPEC and Russia have reached an agreement to reduce production, stoking fears that the excess fuel that has been going on the market for more than may take two years to 2017.

With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in January 2017 which dropped at 71.00 dollars per ton. This commodity price decreased 4.95 dollars, equivalent to 6.52 percent compared to the previous closing.

Analysts estimate that coal futures price movements Rotterdam at the next trade has potential to be bearish considering US Dollar strength ahead of US rate hike next week. The price of coal futures potentially test support level at 70.50 dollars and then next to 70.00 dollars.

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At the end of trading on Thursday morning (08/12), Rotterdam coal price closed up triggered by the weakening US dollar. The US dollar weakened against the euro overnight ahead of a meeting of the European Central Bank. The US dollar fell 0.21 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, so Rotterdam coal price futures for the most active contract is a contract in December 2016 ended up at 80.65 dollars per ton. The commodity price increased by 1.77 percent compared to the previous closing.

Analysts estimated that coal futures price movements Rotterdam at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 80.15 dollars and the next at 79.65 dollars if able to break the first support level.

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At the end of trading Friday morning (09/12), Rotterdam coal price rises driven surge in crude oil prices. Crude oil prices rebounded from lows this week at the end of trade on Friday morning (09/12), closed above $ 50 a barrel as the market focused on the upcoming weekend meeting between OPEC and non-OPEC producers to strengthen an agreement to cut oil production more crude.

At the end of the trading price of coal Rotterdam futures contract for January 2016 in the position of 73.00 dollars per ton. Commodity prices strengthened by 4.00 dollars or equivalent to 5.80 percent compared to the previous closing.

Analysts estimate that coal futures price movements Rotterdam at the next trade will weaken by the strengthening US Dollar. The price of coal futures could potentially test the support level at 72.50 dollars and 72.00 dollars.

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At the end of trading Tuesday morning , Rotterdam coal price rises driven surge in crude oil prices. Crude oil prices surged 6.5 percent in trading Monday (12/12) to reach a 18-month high after OPEC and non-OPEC countries reached their first agreement since 2001 to jointly reduce production to try to tackle global oversupply.

At the end of the trading price of coal Rotterdam futures contract in February 2016 traded at 71.55 dollars per ton. Commodity prices strengthened at 2.40 dollars, equivalent to 3.47 percent compared to the previous closing.

Analysts estimated that coal futures price movements Rotterdam at the next trade will weaken stressed the strengthening US dollar. The price may test support level at 71.00 dollars and next the testing at 70.50 dollars. While the level of resistance to be tested if the price increase is at 72.00 dollars and 72.50 dollars.

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At the end of trading on Thursday morning (15/12), Rotterdam coal price rise pushed the estimated increase in Asian demand. The International Energy Agency (IEA) said there will be strong growth in demand in Asian countries such as India, Vietnam and Indonesia, where "coal-based electricity is one of the preferred option to increase power generation,". 

Small importers including Pakistan and Malaysia will also stimulate demand, stimulate the growth of maritime trade through India 2021. Demand will rise 5 percent per year through 2021, while in ASEAN will jump 7.2 percent per year.

At the end of the trading price of coal Rotterdam futures contract for March 2017 in the position of 80.75 dollars per ton. Commodity prices gained 1.95 dollars or equivalent to 2.47 percent compared to the previous closing. Tonight will be released November US inflation data indicated increased. If realized, it will strengthen the US dollar.

Many analysts estimated that coal futures price movements Rotterdam at the next trade will weaken by the strengthening US dollar. The price of coal futures could potentially test the Support level at 80.25 dollars and 79.75 dollars.

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At the end of trading Friday morning (16/12), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices ended flat, reducing earlier losses in late trading Friday morning (16/12) after members of OPEC said it would cut crude supplies as part of a deal to reduce production. Earlier, the price fell to the lowest level in a week as the dollar strengthened following a rise in US interest rates.

At the end of the trading price of coal Rotterdam futures contract for March 2017 at 71.40 dollars per ton. Commodity prices gained 1.70 dollars or equivalent to 2.44 percent compared to the previous closing. Tonight will be released the data Building Permits and Housing Starts November that indicated declining. If realized can hit US dollars.

Analysts estimated that coal price movement in trading futures Rotterdam potential to strengthen further by US dollar weakness. The price of coal futures could potentially test the resistance level at 71.90 dollars and 72.40 dollars.

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At the end of trading Tuesday morning , Rotterdam coal price dropped ends. Coal prices have eroded by the strengthening US dollar fell. The US Dollar Index gained 0.18 percent against a basket of currencies.

The increase in the US dollar makes the price of US dollar denominated coal Rotterdam to be expensive so the demand is getting stronger. Political conditions such as the murder Russian Ambassador in Turkey, the action of the truck that hit the mass market natal Berlin, Germany, and the US-China political tension, strengthen the safe-haven currency and potentially depress the US dollar.

Rotterdam coal price futures for the most active contract is a contract in December 2016 sank at 81.80 dollars per ton. Commodity prices decreased by 0.25 dollars or equivalent to 0.30 percent compared to the previous closing.

Analysts estimated that coal futures price movements Rotterdam at the next trade is projected to rise by US dollar weakness. The price of coal futures could potentially test the resistance level at 82.30 dollars and the next resistance is at 82.80 dollars.

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At the end of trading on Thursday morning, Rotterdam coal price closed up triggered by the weakening US dollar. US Dollar retreat from the peak position of 14 years overnight profit taking depressed.

The weakening US dollar makes the price of coal sold rotterdam denominated in dollars become cheaper, so the demand is increasing. Rotterdam coal price for the most active contract on January 2017 ended up at 83.05 dollars per ton. The commodity price increased by 0.79% compared to the previous closing.

Tonight will be released US Q3 GDP data indicated increased. If realized, it will strengthen the US dollar. So analysts said that coal futures price at the next trade potentially weak with the strengthening US dollar. The price of coal futures potentially test support level at 82.50 dollars and 82.00 dollars.

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In late trading the weekend early Saturday (24/12), Rotterdam coal price rises pushed higher crude oil prices. Crude oil prices rose slightly in late trading the weekend on Saturday morning (24/12) ahead of the Christmas and New Year with the market looking forward efforts to manage OPEC production cuts planned by Libya are expected to increase production.

 

At the end of the trading price of coal Rotterdam futures contract for January 2017 at 83.85 dollars per ton. Commodity prices gained 0.10 compared to the previous closing. For this week the price of coal increased by 2.19 percent, largely supported the increase in crude oil prices and a weakening US dollar.

 

The price of coal futures could potentially test the resistance level at 84.35 dollars and  84.85 dollars. While the level of support that will be tested if prices decline at 83.35 dollars and 82.85 dollars.