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Trend-following and continuation setups

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Commodities
ZeroHedge · 2 months ago

Coal Nears Breakout As Gulf Energy Shock Drives Utilities Back To Dirty Fuel Ahead Of Winter

Newcastle thermal coal is testing a $150/ton breakout level amid a convergence of demand and supply factors: demand accelerating from gas-to-coal switching across China, Japan, South Korea, and Europe due to elevated natural gas prices from Middle East tensions, plus AI-driven electricity demand and potential winter cooling; supply tightening from Chinese safety inspections (coal production at 58-month low), Indonesian export quota enforcement and low river water levels, and Russian logistics constraints. UBS expects most pressure to be short-term with market balance returning by March 2027, but the near-term setup shows both fundamental support and technical potential for a sustained move higher into Q4 2026.

MacroTrendBreakout
Commodities
ZeroHedge · 2 months ago

Zinc Hits Four-Year High As "Extremely Thin" Physical Supply Fuels Squeeze

Zinc has rallied 31% since March to $3,966, driven by declining mine output, operational disruptions, and limited supply outside China. The ILZSG revised its 2026 forecast from a 271kt surplus to a 19kt deficit, signaling structural tightness. Physical liquidity on the LME is at extremely thin levels, evidenced by steep backwardation ($190+ per ton) and negative treatment charges (−$110 per ton), which could trigger further smelter production cuts and deepen the squeeze.

TrendLiquidity
Crypto
CoinDesk · 2 months ago

Bitcoin tops $77,000 as best week since 2023 pulls altcoins along for the ride

Bitcoin rallied 24% from Monday through $77,000, marking its strongest week in roughly two years and hitting levels implied by a completed inverse head-and-shoulders chart pattern. The move has lifted altcoins with it, and despite the sharp upside, short positions remain elevated—suggesting either capitulation hasn't fully played out or traders are hedging further upside exposure.

TrendBreakoutMomentum