Arch Coal needs some mojo into next week

Aug 10, 2014

Arch coal will need some momentum into to next week or it's more of the same old bucket of coal we've seen in the last year. MET coal has been moving up but not thermal coal for some reason. Below is an example of how an indicator showing an overbought Stochastic but not a RSI can crush price. I do feel coal although not loved its very needed. It will be many years until we see where coal is kicked to the trash pile. If you have any feedback let me know.. GL