The Oslo FoB Index rallied 12.39% during this week of trading to finish the week at 86.68 NOK. The Oslo FoB Index broke above the black dashed downward sloping resistance line, the red solid downward sloping resistance line and a horizontal resistance zone near 76.59 NOK.
Category Archives: Technical Analysis
11
Nov
Nov
The Oslo FoB Index rallied 4.68% during this week of trading to finish the week at 77.13 NOK. The first thing I noticed on the chart was the Oslo FoB Index current price.
04
Nov
Nov
The Oslo FoB Index fell 2.59% to end the week at 73.68 NOK. This is another week of small price movements that didn’t require a lot of chart updating.
28
Oct
Oct
The Oslo FoB Index fell 1.59% to end the week at 75.64 NOK. During the last two weeks of trading the Oslo FoB Index has been trading between 75 NOK and 77 NOK digesting its recent price gains.
14
Oct
Oct
The Oslo FoB Index rallied 8.56% this week to end the week at 77.39 NOK. The first things I noticed on the chart was the Oslo FoB Index made a higher price high during the week and the RSI’s current displacement.
07
Oct
Oct
The Oslo FoB Index rallied 2.49% during this week of trading to close at 71.29 NOK. The Oslo FoB Index made another lower price lower this week.
30
Sep
Sep
The Oslo FoB Index fell 3.24% during this week of trading to finish at 69.56 NOK. The Oslo FoB Index also made a new price low.
23
Sep
Sep
The Oslo FoB Index fell 3.13% during this week of trading to finish the week at 71.89 NOK. The Oslo FoB Index is now slightly below the 72.58 horizontal support zone.
16
Sep
Sep
The Oslo FoB Index rallied 1.19% to finish the week at 74.21 NOK. The Oslo FoB Index is currently testing or modestly above the horizontal resistance zone at 73.31 NOK
09
Sep
Sep
The Oslo FoB Index rallied 4.76% to finish the week at 73.34 NOK. I updated the resistance zones above the Oslo FoB Index using the most recent low as support.
