Category Archives: Technical Analysis

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.

The Olso FoB Index fell 4.6% from Friday August 4th through Friday August 11. The Oslo FoB Index did move above the steeper red down sloping trendline and is now riding this trendline lower.

The Oslo FoB Index fell 6.57% during this week of trading. The Olso FoB Index is on top of the 77.44 NOK horizontal price support zone which can offer support.

The Oslo FoB Index produced a small rally during the last week of trading. The Oslo FoB Index has broken above the steeper red downward sloping trendline.

The Oslo FoB Index fell 4.32% in the last week of trading. The trend of lower lows and lower highs is continuing. The Oslo FoB Index is on top of the 82.28 NOK horizontal support zone.

The Oslo FoB Index fell 10.7% this week. The Oslo FoB Index broke below the green upsloping trendline on Wednesday and the Index has continued falling in a steep decline.