A.M. look 10/5/21

Energy is front and center in the news flow.

Coal has gone up 5 fold in a year. This chart is a Rotterdam deliverable chart.
Dalian exchange China is the world’s high volume contract.

Coal, Oil, Natgas , OPEC and the U.S. Permian players are all part of the same story.

Spoo’s are in a 100 point range. Sustained and closing price action above 4366 is needed for higher.

Nasd 100…14,537 and 14,807 are the two levels of interest.
They are yesterday’s daily breakdown level and last weeks breakdown level.

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