Coal - Accumulation may have began
globalCOAL Newcastle Coal Futures ICEEUR_DLY:NCF1!
COAL Futures
It took 3 years for Coal futures to sharply retraced its All time high last 2022 to its recent price.
Structure suggests an accumulation phase may have began after price's behavior towards the previous demand/supply zone.
The next critical price to retest should buyers prevail would be the last high above 150.