Category Archives: Technical Analysis

The Oslo FoB Prices have broken the black upsloping trend line and I now very close to the 69.07NOK support line. Notice the Composite Index ran into resistance at the downward sloping green trendline1.

The Miami FoB prices punched through the blue upsloping trend line. As mentioned previously, these diagonal trend lines are not drawn with a fine line, a thicker line is usually more productive than a thinner line.

The Oslo FoB market prices have been trending sideways for the past 11 trading days. I redrew the black trend line to do a better job catching the lows from September and November of 2021.

Miami FoB prices have reached the blue up trending diagonal support line. There is also a moving average at the same price along with a green horizontal support line close to the current price.

The Oslo FoB prices are trying to hold the black upsloping diagonal trend line. There is also a green horizontal support zone just below current price.

Miami FoB prices continue to move towards the blue upsloping trend line. The oscillators are in their lower range of past displacements.

The Oslo FoB prices continue to fall. Next major support area is around the 68 NOK to 70NOK price area marked on the chart as sold and dashed green horizontal lines.

The Miami FoB market price appears to be moving towards the blue uptrend line and/or the green horizontal support line.

Oslo FoB prices have broken below the 91.95NOK support area and are close to the 86.63NOK support zone.

The Miami FoB prices have held the red price moving average.