Technical Analysis: LFEX Norway Exporters Salmon Index, 8th May 2026

David Nye - The London Fish Exchange

Published: 11th May 2026

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

  

The Oslo FoB Index fell 9.29% during this week of trading to end the week at 76.58 NOK. I only made a few slight adjustments to the price chart this week.

I added the 80.45 NOK horizontal support zone to the chart. The Oslo FoB Index is currently testing the horizontal support zone near 77.42 NOK. The price chart has a small fish hook look to it this week. Similair to last week except the fish hook was rolling over. This fish hook looks like it’s turning to go back higher. The Oslo FoB Index has used the price area for support in January and February of 2026, meaning, it can use this price area again for support or resistance.

The Composite Index’s displacement has fallen a long ways during this week of trading. I added a pink trend line to the Composite Index and the RSI from April 21, 2026 through today. This trendline is displaying bullish divergence with the Oslo FoB Index and the RSI. The Composite Index is at a higher price than April 21, 2026 while being a lower displacement. The Composite Index is more oversold at higher prices. This is a bullish development. It means the momentum in the move down is losing strength. It does not mean that it’s 100% we’ll see the price trend change. Usually, you only need one divergence signal but sometimes we can see two or three before the security responds. There is the dotted green and brown trendlines intersecting around May 14th on the Composite Index’s pane.

The RSI also stopped going down near an interesting displacement. Within the available data, after the Oslo FoB Index makes its seasonal low in prices and then rallies, the next higher bottom in prices, the RSI usually bottoms near its current displacement. The data is in the chart for your review. I’m not suggesting the seasonal lows are in for 2026 but the RSI is suggesting it’s not impossible outcome at this time. The blue and black trendlines are intersecting near May 13th, this implies that there is a possibility of change or acceleration in trend around May 13th or 14th.

In summary, the Oslo FoB Index is displaying bullish divergence signal while testing a price support zone. The intersecting trendlines on the Composite Index and RSI are also implying a change or acceleration in trend is coming. If the Oslo FoB Index was in a confirmed bullish uptrend, this would be an interesting place to go long the Oslo FoB Index. However, it’s a little early to be declaring the Oslo FoB Index is in an uptrend or its seasonal lows prices are in.

  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