The Miami FoB Index upward price momentum is weakening. The $7.26 price resistance zone may prove to be a strong resistance zone. This resistance area was important from March to May of 2022 that proved to be the final highs.
Tag Archives: Technincal Analysis
The Oslo FoB Index has experienced a volatile week in price. Oslo FoB Index tested the 114.38 NOK support line and the red upsloping trendline.
The Miami FoB had a small rally this week to continue its attempt to challenge its all-time highs in the chart. The $7.26 resistance zone is the next likely target for the price advance.
The Oslo FoB Index is also continuing its strong rally. The Index is up 12.7% in a week. The Index price is challenging its all-time highs from late April to early May 2022.
The Miami FoB weekly Index is continuing to rally. The Index price is above the green trendline and above the $6.92 resistance line. It appears the Index is heading to $7.26 resistance level next.
The Oslo FoB Index rally continues higher. ]The Index has broken above the red upsloping trendline that has been resistance for prices since the rally began in August of 2022.
The Miami FoB Index has broken above the $6.92 price resistance zone and appears to be heading for the next price resistance zone at $7.26 and challenge its all-time available highs in price.
The Olso FoB Index rallied 9.59% in the last week. The Index price has broken above the 97.235 NOK resistance zone and appears to be heading to the 102.53 NOK resistance zone.
The Miami FoB Index price continues to raise. The Index price is now at the $6.92 resistance zone and under the green upsloping trendline that offers additional resistance.
The Oslo FoB market is consolidation. The current price is right at the 90.96NOK horizontal resistance line. There is nearby support for prices at 88.01NOK and 83.84NOK.