The Oslo FoB Index traded lower this week by 3.15% to finish the week at 92.90 NOK. The Oslo FoB Index is testing the 93.38 NOK horizontal support line and the grey diagonal support line that the Oslo FoB Index has used for support and resistance.
Tag Archives: Technincal Analysis
20
Jan
Jan
The Oslo FoB Index fell 10.39% this week to finish the week at 95.50 NOK. The Oslo FoB Index appears to have tested the 93.38 NOK horizontal support line and a newly introduced grey uptrend line drawn from prior price high and low.
13
Jan
Jan
The Oslo FoB Index fell 23.34% during this week of trading to finish the week at 106.57 NOK. I mentioned in last weeks update that the price of the Oslo FoB Index has a tendency experience sharp pull backs after this type of extraordinary seasonal price advance from the December 18th to December 31rst 2024.
06
Jan
Jan
The Oslo FoB Index fell 9.32% this week to finish the week at 126.06 NOK. The Oslo FoB Index did run into challenges overtaking the three independent but clustered resistance zones between $135 NOK and 140 NOK this week.
30
Dec
Dec
The Oslo FoB Index rallied 13.95% to finish this week of trading at 131.80 NOK. Wednesday December 18th started this impressive rally. The Oslo FoB Index is up 60.25% in nine calendar days.
23
Dec
Dec
The Oslo FoB Index rallied 24.97% this week to finish the week at 115.67 NOK. The Oslo FoB Index went from 83.13 NOK to 115.67 NOK, a 39.15% rally in one day, from Thursday December 19 to Friday December 20, 2024.
16
Dec
Dec
The Oslo FoB Index rallied 4.5% to finish the week at 92.56 NOK. The pattern of making higher price highs and higher prices lows is continuing.
09
Dec
Dec
The Oslo Fob Index rallied 1.83% to finish the week at 88.58 NOK. The Oslo FoB Index held the 86.06 NOK horizontal support line area during this week of trading and bounce off the green dotted upsloping trendline.
02
Dec
Dec
The Oslo FoB Index fell 2.67% during this week of trading to finish the week at 86.99 NOK. I drew in a few more trendlines for your review. The red and dotted green upward sloping trendlines.
25
Nov
Nov
The Oslo FoB Index rallied 3.6% during this week of trading to finish the week at 89.80 NOK. The Oslo FoB Index is rapidly approaching the 90.91 NOK resistance zone that is a confluence of resistance zones discussed in previous updates.
