The Oslo FoB Index rallied 24.97% this week to finish the week at 115.67 NOK. The Oslo FoB Index went from 83.13 NOK to 115.67 NOK, a 39.15% rally in one day, from Thursday December 19 to Friday December 20, 2024.
Category Archives: Technical Analysis
16
Dec
Dec
The Oslo FoB Index rallied 4.5% to finish the week at 92.56 NOK. The pattern of making higher price highs and higher prices lows is continuing.
09
Dec
Dec
The Oslo Fob Index rallied 1.83% to finish the week at 88.58 NOK. The Oslo FoB Index held the 86.06 NOK horizontal support line area during this week of trading and bounce off the green dotted upsloping trendline.
02
Dec
Dec
The Oslo FoB Index fell 2.67% during this week of trading to finish the week at 86.99 NOK. I drew in a few more trendlines for your review. The red and dotted green upward sloping trendlines.
25
Nov
Nov
The Oslo FoB Index rallied 3.6% during this week of trading to finish the week at 89.80 NOK. The Oslo FoB Index is rapidly approaching the 90.91 NOK resistance zone that is a confluence of resistance zones discussed in previous updates.
18
Nov
Nov
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.
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.
