Category Archives: Technical Analysis

The Miami FoB Index had a modest 1.21% decline in price this week. The small price movement did not change much in the chart.

The Oslo FoB Index also appears in the early stages of attempting to change direction from down to up.

The Miami FoB Index has stabilized in the last week. The Index had a modest gain this week vs its downtrend since early March 2023.

The Oslo FoB Index has been rallying since the beginning of April 2023. The Oslo FoB Index ran right through the 126.24 NOK and 128.09 NOK resistance zones.

The Miami FoB Index continues to move down at a moderate pace. The $6.39 and gold upsloping trendline appear to be the likely targets below the current price.

The Miami FoB Index continued its move down during the last week. The Index has broken under the $6.725 horizontal price support zone and appears to be heading towards the $6.36 horizontal price support zone.

The Oslo FoB Index has rallied 4.3% since my last update. The Oslo FoB Index is just under the 120.96 NOK horizontal resistance zone.

The Miami FoB Index continues to pull back in price. The Miami FoB Index currently is on top of the $6.72 horizontal price support zone.

The Oslo FoB Index price is essentially even over the last week with a modest move down and recovery. The Index is up against the 115.79 NOK horizontal resistance line.

The Oslo FoB Index also had a mild retracement in price of 3.30% in the last week. The Index appears to be heading to the 114.38 NOK price support zone.