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European coal price is “oversold”, nearing a floor – Mr Brannvoll

Coal News - Published on Fri, 22 Mar 2019

Image Source: Time Magazine
Montel citing, Mr Frank Brannvoll, the head of trading advisory firm Brannvoll, saying that European front-quarter coal prices looked "technically oversold" as they breached USD 70/t but could fall slightly further.

Mr Brannvoll at a Coaltrans conference in Cairo, said that “The market is extremely oversold. It may decline a few more percentage points, thanks to fundamental factors, but overall we’re very close to a floor.”

Source :

Posted By : Rabi Wangkhem on Fri, 22 Mar 2019
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