Tag Archives: Technincal Analysis

The Miami FoB Index had a mild retracement in price this week. The Index is testing the green upsloping trend line which should act as support for prices.

The Oslo FoB Index finished the week down 3.8% from last Friday’s price but experienced some price volatility along the way. I drew in a purple and brown upward sloping trend line on the Index price chart try to give an earlier indication of where prices are heading.

The Miami FoB Index appears to be rolling over near the $7.26 horizontal price resistance zone. The green upward sloping trend line and the green horizontal lines should offer support for the Index.

The Oslo FoB Index is breaking out of its most recent price consolidation into new all-time highs. The Oslo FoB Index appears to be heading towards the 135.36 NOK resistance area.

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.

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.