Why did the coal sector plummet today?
Some people say that fortunately, they bought coal in the first half of the year and escaped the market crash. However, it seems to be back recently. This roller coaster ride is a bit exciting. Now coal is obviously behind the market, and it has fallen by 16 points in a month or so. So, will coal fall next? Now that coal has fallen to this diagonal position, there will be a wave of rise every time it falls to the diagonal. Let's look at MACD again. It's near the bottom now. If a gold fork is formed at the bottom, there will generally be a wave of rising prices. So look at the support of this diagonal in the short term. If you can't hold it, you can only look at the MACD of the Golden Fork Chongyang Line. Reverse the downward trend before you participate. Although from the daily line, it seems to have fallen almost, but from the midline, MACD has formed a dead fork, and it is a departure from the form. Therefore, from the perspective of the big cycle of the coal industry, its form is not very optimistic, so we must be cautious. Although coal is about to gain some support in the short term, the space for rebound is not optimistic. Be cautious in the medium and long term and make your own decisions according to your personal opinions. Why be cautious about the coal sector? First of all, the steel industry is depressed. Recently, it was reported that some steel enterprises have a holiday, and coking coal is an important raw material for the steel industry chain. If steel enterprises stop production, the purchase volume will be reduced and the coal price will be unbearable. Second, coal price control. Although the local temperature continues to be high, thermal coal is the main raw material for power generation, and the state strictly controls the price of thermal coal for stable power supply. Third, the prices of large and medium-sized commodities fell, and crude oil was large and medium in the first half of the year. Crazy, coal also hit a record high. However, in the second half of the year, when the Federal Reserve raised interest rates, commodity prices dropped significantly, and coal was naturally affected. /9655222546 10038785/w750h 474/art