Category Archives: Technical Analysis

It’s been two weeks since my last update. The Oslo FoB Index has fallen 12.72% during this time. The decline in the Oslo FoB Index should not have been a big surprise with the bearish divergence in the Composite Index from the prior update.

The Oslo FoB Index rallied 7.9% during this week of trading. The Oslo FoB Index didn’t even notice the horizontal resistance zone at 86.01 NOK.

The Oslo FoB Index traded down a modest 1.66% this week. The 82.31 NOK horizontal resistance zone has shown itself to be a stronger resistance zone along with the price moving very close to the same price.

The Oslo FoB Index finished the week at 82.68 NOK up 3.32% for the week. The Oslo FoB Index appears to be moving above the 82.31 horizontal resistance zone and the price moving average.

The Oslo FoB Index ended this week of trading at 80.02 NOK. The next horizontal resistance zone is at 82.31 NOK and there is also a price moving average near the 82.31 NOK price area to offer additional resistance.

The Oslo FoB Index rallied 6.25% during this week of trading. The Oslo FoB Index is testing the 77.08 NOK resistance zone.

The Oslo FoB Index had another week of modest gains, 3.98%. The Oslo FoB Index has broken above the red down sloping trendline. The next horizontal resistance zone is at 77.08 NOK.

The Oslo FoB Index rallied 1.57% during the week of August 28th. The Oslo FoB Index is testing the underside of the red downtrend line connects the highs from June and July of 2023.

The Olso FoB Index rallied 1.12% to end the week of August 25th, 2023. The Oslo FoB Index did break above the steep tan down sloping trendline.

The Oslo FoB Index fell 6% this week. The Oslo FoB Index didn’t slow its decline at the 72.98 NOK horizontal support zone and the orange measured move price target from last week’s report.