Good News Coal Rotterdam Prices Consolidate

At the end of trading Thursday morning  Rotterdam coal prices tracked posted increased further. The rise in coal prices ignores the anjloknya price of crude oil. At the end of daybreak trades above WTI crude oil price and Brent are both experiencing significant decline.

Coal prices gained a boost for strengthened action amid bargain hunting that doinvestors. The increase in the price of coal is still dominated by technical factors. There is currently no fundamental factors are strong enough to underpin a rise in coal prices.

Coal prices alone are estimated to still be experiencing a downturn. The negativesentiments are still very strong developing in the commodities market. It is estimated by the end of this year the commodity prices that alternative energy sources  SAG and achieve the level of 45 dollars per ton.

At the end of the trade early Sunday futures Rotterdam coal price for the most active contract that is a contract in December were in the position of 48.05 dollars per tonne. The commodity price increase amounted to 0.15 dollars or equivalent of 0.31 percent compared the previous closing trade positions.

Coal price contract for SGX IHS McCloskey English Sub-Bit FOB Index Futures in January 2016 observed ends at position 36.80 dollars per tonne.

We estimate that price movements of futures Rotterdam coal on the next trade will still be influenced by the fundamental conditions that negatively. Global crude oil supply satiety carrying crude oil prices weakened, and this could bring pressure coal prices.

Coal futures price could potentially test the Support level in the position and Support the two dollar 47.50 on level 47.00 dollars. While the Resistance level will be tested if there is continued strengthening of prices is on position 48.50 49.00 dollar and dollar.