Walter Zimmermann of ICAP says that despite unexciting price action for coal over the past year or so, a large head and shoulders bottom pattern may now be forming. This will target coal at the 71.50 to 72.00 range as long as the neckline is breached decisively.
Commodities & Energy
Wang Tao, technical market analyst for commodities at Reuters Singapore, gives his comprehensive commodities outlook for the fourth quarter of 2013. His market coverage includes oil, base and precious metals, and agriculturals.
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