Coal Price Trading Price Update

At the end of the early Tuesday afternoon Rotterdam coal prices advanced improvement posted a monitored (17/12). Coal prices rise ignore the slump in crude oil prices. At the end of the early trading days earlier the price of crude oil WTI and Brent together experienced a significant decrease.

Coal prices gain encouragement to rose in the midst of action bargain-hunting done investors. Coal prices rise was still dominated by technical factors. This time there is no fundamental factors that are strong enough to underlying the coal prices rise.

Coal prices itself estimated still will decline. Negative sentiment is still very strong developed in this commodity market. Is expected to end this year commodity prices of alternative energy sources will continue to dropped and reached the level of 45 dollars per tonne.

At the end of the early trading days earlier the coal prices Rotterdam futures contract for the most active namely January contract was in the position of 47,00 dollar per tonne. The commodity prices rose 0.10 dollars or equivalent with a mere 0.21 percent compared to the previous trade closure position.

Coal prices for the contract SGX IHS McCloskey English Sub-Bit FOB Index Futures December 2015 monitored ended in the position of 37.50 dollars per tonne.

Coal prices futures potential test level support on the position of the dollar 46,50 and support both at the level of the dollar 46,00. While the level of resistance that will be tested if there is price gains advanced occurs on the position of the dollar and dollar 48,00 47,50.