Category Archives: Technical Analysis

The Oslo FoB prices have also basically gone sideways during the past week. Prices are above the grey up sloping trendline and right on top of the brown down sloping trendline.

Miami FoB prices are flat from last week. Prices are still above the brown upsloping trendline, red down sloping trendline and below the price moving average.

The Oslo FoB prices have rallied since my last report. Prices are at the brown down sloping trendline. There is a red horizontal resistance line at 66.618NOK. The indicators have made a big rebound in their displacements vs the price.

Miami FoB prices have broken above the red down sloping trend line and the price is just under the black price moving average. It’s a bit early to say it’s a clear break above the red down sloping trend line.

Oslo FoB prices have had a nice rally this week. Prices broke above the grey upsloping trend line, the red dashed horizontal resistance line and the price moving average. Where are prices going?

The Miami FoB price bounced off on top of the brown upsloping trend line and is now currently just under the red down sloping resistance trend line

The Oslo FoB prices have continued to fall this week. Prices seem to have found some support at the 58.40NOK price zone

The Miami FoB prices continue to move lower. The price has broken down through the black moving average.

The Oslo FoB prices also continue lower. There is lower horizontal support for prices at 60.838NOK and 58.48NOK.

The Miami FoB prices have broken through the blue upsloping trend line and the horizontal support line at $6.16 suggesting the move down in prices will continue.