Here small update on COAL (via BTU) and moreover to zoom in. See below 6 month daily:

The Support (on last week(end) presented charts) is holding. Here one can observe a potential BLACK BULL FLAG in progress. BTU is about to BO (break-out) the Blue dashed descending RES-line. Next RES is the GREEN HOR (horizontal) line. After that the UPPER BLACK line of the Black Bull Flag comes in which coincide with the blue dMA(50). After that the multiple dMA’s around 25-26 comes in. So yes multiple overhead RES but it is always like that from the bottom to work its way UP.

Indicators are turning-up where the four horsemen (see TSI, MACD) are crossing over but stil in negative territory (read: below ZERO-line). Based on the FastSTO and SlowSTO (indicators), I expect 1-2 days push higher  before a retrieve – possibly to make some sort of BT or pause to cool-off.

Anyway … just to give COAL a heads-up and to understand next price actions.

This is a follow-up:

https://goldtadise.com/?p=582857

https://goldtadise.com/?p=582939

IMO. DYODD.