CHART: Coal Is Bouncing Back

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The coal price has been crashing recently as energy prices across the globe collapse.

But since bottoming at $56.20 a tonne last Friday the March Newcastle Coal contract on the Intercontinental Exchange in the US has rallied $3.95 a tonne to $60.15 this morning.

7%, that’s some rally. Coal is now challenging the 5 month downtrend.

Here’s the chart.

ICE NewCastle Coal March 2015 (LQH15) (Chart: barchart.com)

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