BTU - coal miners bounce

With the US equity market seeing some moderate gains build across the day, the coal miners were a particularly strong sector, with BTU settling +2.2% @ $17.73. Near term outlook is bullish for Wednesday, but the mid/long term trend remains dire.


BTU, daily

Summary

A significant bounce, and break of trend, but with broader downside still expected into the early summer.
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The demise of JRCC

JRCC filed for chap'11 bankruptcy yesterday...

JRCC, monthly

A farewell to JRCC...along with even more distant demise of Patriot Coal (PCX).

I just wonder whether any of the remaining miners will also go under before the next big commodity price bubble.