Category Archives: Technical Analysis

The Oslo Fob Index rallied 1.73% from Wednesday April 27 through Friday April 5th. The Oslo FoB Index is testing the pink resistance line that connects the last two years highs and the underside of the 142.75 NOK horizontal resistance zone.

The Oslo FoB Index rallied 19% during this holiday shortened week of trading. The 138.09 NOK is an all-time high price within the available historical data for the Oslo FoB Index.

The Oslo FoB Index rallied to finish up 15.29% for this week of trading. The first thing I see when looking at the Oslo FoB Index chart is prices have moved into new recent highs.

The Oslo FoB Index fell 3.28% during this week’s trading. The Oslo FoB Index broke below the green dotted support trendline and is continuing to use the red trendline as resistance.

The Oslo FoB Index fell 5.18% during this week of trading. The Oslo FoB Index is holding above the 112.20 NOK horizontal support zone and the price low of 112.81 NOK from February 29th, 2024.

The Oslo FoB Index closed this week’s trading at 119.90 NOK, down .05 NOK from last Friday’s close. The solid green support trend line was breached this week.

The Oslo FoB Index rallied a modest 0.89% in this week of trading. The Oslo FoB Index is continuing its pattern of making higher highs and higher lows.

The Oslo FoB Index rallied 8.43% in the last week of trading to close at 118.69 NOK. The Oslo FoB Index spent most of the week continuing to digest some of its recent gains.

The Oslo FoB Index continues to make higher highs and higher lows. The Oslo FoB Index is testing the green diagonal trendline that has offered support since the beginning of the year.

The Oslo FoB Index spent most of the week digesting its gains from earlier in the month to close at 109 NOK. This is an increase of 3.26% from last Friday’s close.