Category Archives: Technical Analysis

The Miami FoB Index continues to move higher. There is a horizontal resistance line at $6.26 displayed on the chart.

The Oslo FoB Index held onto its large gains from the prior week, a sign of strength. The Index is respecting the 89.43 NOK horizontal resistance line and the black upward sloping trend line.

The Miami FoB Index is continuing to trend higher. The Index has broken above the tan upsloping trendline and above the $6.00 horizontal resistance zone.

The Oslo FoB Index had a large pull back in price during the last week. Prices broke through black upsloping trendline and fell rapidly.

The Miami FoB Index is continuing its trend of consolidation in the $5.80 price area. Sideways is a direction.

The Oslo FoB Index has moved up the last week. The next level of price resistance is 84.27 NOK as shown on the chart.

The Miami FoB Index price is consolidating in the $5.80 area. We’ve seen this type of action back in 2018 where prices were flat for 5 months.

The Oslo FoB Index has pulled back in price during the last week. The closest horizontal price support line is at 76.72 NOK.

The Miami FoB Index fell $0.01 this week vs last week. Prices have been moving sideways since August of 2022.

The Oslo FoB Index price traded sideways for most of the week until Friday. Like last week, Friday was a bullish day for the Index.