The Miami FoB Index moved down $0.10 in the last week. Price has broken below the brown up sloping trendline. The next horizonal support zone is $5.73.
Category Archives: Technical Analysis
The Miami FoB Index price didn’t change this past week. Price is testing the brown up sloping trend line offering support.
The first thing I noticed about the Oslo FoB Index is price didn’t even hesitate at the 70 NOK area with all of the moving averages that should have offered significant resistance.
The Miami FoB Index was flat for the week. The index is on top of the brown upsloping trendline offering support.
The Oslo FoB Index price had a nice pop today to end the week and to show a bounce from the 65.31NOK support zone.
The Miami FoB index is unchanged from last week at $5.91. The index price is still above the brown upsloping trend line.
The Oslo FoB index has broken the green up sloping trend line. There is a grey up sloping in the low 60’s NOK.
The Miami FoB Index prices continue to move down slightly. Prices are testing the brown upsloping trendline.
The Oslo FoB Index prices have had a mild pull back in the last week. Prices appear to be heading to test the green upsloping trendline and the red price moving average.
The Miami FoB price slipped a little this week following the trend for the last 2 months of sideways price action.