Technical Analysis: LFEX Norway Exporters Salmon Index, 10th April 2026

David Nye - The London Fish Exchange

Published: 13th April 2026

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

  

The Oslo FoB Index fell 12.64% during this week of trading to end the week at 76.86 NOK. The Oslo FoB Index is testing a support zone it has used for support in 2026.

I made some changes to the horizontal support and resistance zones utilizing this weeks Oslo FoB Index’s price data. I mentioned in last week’s update about the Oslo FoB Index’s recent trend of making lower price lows and lower price highs. This trend is continuing. It will be interesting to see if the Oslo FoB Index can make a higher price low vs the February 20th price low of 76.73 NOK.

The Composite Index has moved down to the lower end of its historical range. The Composite Index can continue to lower displacements but at some point, the Composite Index will need to reset to higher displacements. When this happens, normally, the price of the Oslo FoB Index will also rally. The Composite Index used its current displacement for the displacement lows on January 8th and February 20th of this year, meaning, it can use this displacement again for support. I am not seeing any recent bullish divergence events in the Composite Index. There are several trendlines drawn on the Composite Index pane that will intersect within the next week. These intersections usually mean a change or acceleration in price is coming for the Oslo FoB Index.

The RSI, like the Composite Index, is also near the lower end of its historical displacement range. The RSI will need to reset to higher displacements at some point. However, as you can see in the RSI chart pane, the RSI can continue to go to lower displacements. I could argue that the Composite Index is trading above its February 20th displacement level vs today while the RSI is trading below its February 20th displacement level. This is a modest sign of bullish divergence. The signals strength has weakened because of the amount of time between the two dates.

In summary, the Oslo FoB Index has had a challenging past month of trading. The trend of lower price lows and lower price highs is continuing. The Oslo FoB Index is testing a horizontal price support zone. This zone has held up during 2026. There are not any obvious shorter term bullish divergence signals in the indicators except the divergence between the Composite Index and the RSI mentioned earlier. The good news for the readers who are looking for higher prices, the indicators are near the lower end of their historical displacement ranges and will need to reset. When the reset occurs, the Oslo FoB Index price should rise or at least stop going down. The bad news for the bulls is it appears the seasonal price highs are in. The summer doldrums for the Oslo FoB Index may have begun. The next week of trading should be interesting because of several trendlines intersecting on the Composite Index’s pane suggesting a change or acceleration of prices.

  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