Technical Analysis: LFEX Norway Exporters Salmon Index, 7th September 2026

David Nye - The London Fish Exchange

Published: 7th September 2026

This Article was Written by: David Nye - The London Fish Exchange

  

The Oslo FoB Index rallied 1.5% during trading this week to end the week at 66.53 NOK. I did not make any changes to the price chart this week because of the small price movement in the Oslo FoB Index.

The Oslo FoB Index tested the upper side of the lower red downward sloping trendline and the 64.91 NOK horizontal support zones and has moved to slightly higher prices. The upper red downward sloping trendline and the 67.04 NOK horizontal lines could provide price resistance for the Oslo FoB Index. An early clue the Oslo FoB Index is going to rally would be breaking above the upper downward sloping red trendline, bringing the 70.92 NOK resistance zone into view.

The Composite Index has rallied near the midpoint of its displacement range. The Composite Index has rallied above both of its moving averages. Notice the spread between the moving averages on the Composite Index. The spread between the moving averages is about as large as it ever gets within the available history. This implies that the moving averages will converge, and the Composite Index will move to higher displacements. The brown and pink trendlines intersect around September 16, 2026, implying a change or acceleration of trend around September 16 plus or minus a day or two.

The RSI appears to have used its fast-moving average as a springboard to move to higher displacements. The RSI has used its current displacement for support and resistance, implying that it will use it again. The RSI has the dotted black and the solid red trendlines intersecting around September 16, 2026, plus or minus a day or two. The same date range as the Composite Index along with the same implications. Two uncorrelated indicators giving the same date range for an acceleration or change of trend. This gives strength to the signal.

I included an updated view of the weekly chart in this week’s update. The first thing I noticed is the setup in the Composite Index. The moving averages are crossing over to a positive displacement while the Composite Index is testing this intersection. I’d recommend the reader go back in the history of data and look to what followed when the Composite Index tested the positive crossover of its moving averages during the months of August to October. The Composite Index also recently used this displacement for resistance during the week of May 1, 2026. Implying it can use this displacement for support.

In summary, the weekly chart has an overwhelmingly bullish setup. In the weekly view, each bar on the chart takes one week to complete. Meaning, if the weekly view needs a few bars to rest, it can take a month or more of time on the daily chart. The daily chart isn’t as clear as the weekly chart but still leans more towards the bulls. Is it possible for the Oslo FoB Index to go to 61.09 NOK? Absolutely. This view appears less probable at this time. I suggest the reader go back and closely look at the weekly chart.

  About This Analysis

About David Nye

David is a Senior Vice President in investment advisory with over 30 years of experience.

Based in Minnesota, USA he has a long history in technical analysis across a range of markets. David brings his experience to provide an independent insight into potential salmon pricing based on LFEX and DataSalmon data.

What is Technical Analysis?

Technical Analysis is used to try and identify price trends in the future. Analysts believe that by using factual past information (trading activity and price changes) it is possible to identify future price movement trends and is quite prevalent in commodity and forex markets but can be applied to any product.

Technical Analysis has been developing for over a century, and there are now hundreds of patterns and signals that have been created. They are often used in conjunction with other forms of research and analysis to help formulate, or support pricing trend opinions.

Purpose of the Analysis?

To provide an independent data-driven view of market pricing trends in the short and medium-term. As a potential tool, for users to access future pricing trends based on LFEX/DataSalmon derived market data.

How Does it Work?

On a regular basis (weekly), David will provide his independent analysis of LFEX and DataSalmon pricing data. The output will be to provide pricing trends based on the most up to date pricing received.

The analysis will show the expected trends and potential (price) levels, as well as other markers – for example, higher or lower price triggers that would affect the analysis of the trend – and what this might mean. It is data-driven, and will not, and does not, account for any other fundamental analysis, or weather or biological events for example. This is the same for any commodity product technical analysis.

Disclaimer

All information provided contains no guarantee whatsoever, especially of completeness, accuracy, timeliness or of the results obtained from the use of this information, and is provided without warranty of any kind, expressly or implied. In no event will, LFEX Ltd or DataSalmon, its member firms, or the partners, directors, officers, owners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information or for any consequential, special or similar damages, even if advised of the possibility of such damages. In no event and under no legal or equitable theory, whether in tort, contract, strict liability or otherwise, shall LFEX Ltd or DataSalmon be liable for any direct, indirect, special, incidental or consequential damages arising out of any use of the information contained herein, including, without limitation, damages for lost profits, loss of goodwill, loss of data, work stoppage, the accuracy of results, or computer failure or malfunction