KOL coal sector daily chart received lots of love as the Aussie floods reaked havoc down under placing many of their mines underwater. In mid January, the negative divergence spanked KOL down, then only a couple weeks ago the positive divergence bounced KOL. Typcially you never see such a flip flop with divergences like that.
Sideways is the path of least resistance moving forward but watch price in relation to the 20 MA and 50 MA. Price under the 20 under the 50 will favor the coal bears while the coal bulls want to see price stay above the 20 above the 50. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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