The Miami FoB prices appears to be bouncing off a short-term price moving average.
Category Archives: Technical Analysis
The Miami FoB prices appear to be pulling back.
The Oslo FoB prices are ripping!
Prices are at an interesting intersection. Prices are at a red dotted horizontal resistance line and under the brown prior trend line on prices.
Prices appear to be stuck around the $7.09 resistance area. The divergence between the indicators is continuing. It appears the indicators are heading towards one of their moving averages to find support. I still believe prices should have a mild pull back to let the indicators reset for another move higher.
The prices on the Miami FoB continue to raise. If you look at the two indicators in the bottom panes, you can see both indicators have history at these displacements.
Prices appear to be turning up on the Oslo FoB exchange.
All-time highs for the Miami FoB market!
Olso FoB prices are at a support zone at NOK 82.32.
The Miami FoB market appears to be running out of steam on the upside with a likely target of the green (ii).