Category Archives: Technical Analysis

The Oslo FoB Index rallied 5.35% during the last week. There are two price moving averages very close to the Oslo FoB Index current price that could provide resistance.

The Miami FoB Index experienced a 2% pullback in prices since my last update. The Miami FoB Index is approaching the $5.88 horizontal support zone. The Miami FoB Index is also testing a price moving average and the green upward sloping trendline, both should offer support for the Index.

The Oslo FoB Index fell 15.15% during the last week. The Oslo FoB Index broke through the green upward sloping trendline and that break gave a very good early signal that the uptrend was over.

The Miami FoB Index closed the week at $6.14. The Miami FoB Index broke below the $6.23 horizontal support zone and below the gold upsloping trendline.

The Oslo FoB Index fell 14.4% during the last week of trading. The Oslo FoB Index rallied to and failed at the red down sloping trendline and the 121.83 NOK horizontal resistance zone.

The Miami FoB Index fell $.05 to $6.21 during the last week. The small price changes during the month of May have not changed much in the chart for the Miami FoB Index.

The Oslo FoB Index rallied a modest 0.54% this last week. The Oslo FoB Index price has been holding near the price moving average represented on the chart as a brown line.

The Miami FoB Index price fell $.04 during the last week. The small price change didn’t change much in the chart. The Miami FoB Index at $6.26 is basically sitting on top of the $6.23 horizontal support zone and the gold upsloping trendline.

The Oslo FoB Index rallied 6.4% in the last week. The Oslo FoB Index broke above the blue down sloping trendline, and prices accelerated higher to end the week.

The Miami FoB Index has been resting near the $6.23 horizontal support zone for several weeks. There is a gold upsloping trendline that should offer additional support for the Index.