What coal contract has been up a lot??? NYMEX barge coal for June was +0.64 to $46.17 yesterday. Powder River was $7.55 bid and CSK-BSK<1% was $39.50 bid. Big deal.
the bears just do not get it www.youtube.com/watch?v=EXUYO7NpcEU&feature=related long live king NAT !!
NG xxxxxxxxxx YM xxxxxxxxxxx CL xxxxxxxxxx EUR/USD b8.11 xxxxx xxxxxxxx s8.27 xxxxxxx s8.30 xx b6.24 s8.36 xxxxx s9.13 xx b8.40 s9.05 xx b8.41 s9.09 x b8.51 s9.08 b9.41 s9.52 xx b9.27 s9.48 xx b9.33 s9.48 b10.54 s15.29 b10.25 s14.50 b11.27 s14.28 b10.26 s15.53 Sympathetic correlation between the energy complex, stock index futures and the dollar is illustrated above. Turning points for Friday May 8 2009 are shown: b=bottom or buy, s=sell or top. The price gyrations are based on minimum 35 points bar-close-to-bar-close for each swing from each turning point time. Read them as columns under respectively NG,YM,CL,USD. Times used are EST. In NG 10.54-15.29 there are 2 small valid reversals within this upswing which have not been included.
"What coal contract has been up a lot??? NYMEX barge coal for June was +0.64 to $46.17 yesterday. Powder River was $7.55 bid and CSK-BSK<1% was $39.50 bid. Big deal." ==>interesting to see you know your domestic hillbilly coal prices well yet the coal market is more intl. china australia SA etc..... freight
Very gloomy outlok was published recently on the rigzone: http://www.rigzone.com/news/article.asp?a_id=76043