Tag Archives: Technincal Analysis

The Miami FoB Index is continuing its trend of consolidation in the $5.80 price area. Sideways is a direction.

The Oslo FoB Index has moved up the last week. The next level of price resistance is 84.27 NOK as shown on the chart.

The Miami FoB Index price is consolidating in the $5.80 area. We’ve seen this type of action back in 2018 where prices were flat for 5 months.

The Oslo FoB Index has pulled back in price during the last week. The closest horizontal price support line is at 76.72 NOK.

The Miami FoB Index fell $0.01 this week vs last week. Prices have been moving sideways since August of 2022.

The Oslo FoB Index price traded sideways for most of the week until Friday. Like last week, Friday was a bullish day for the Index.

The Miami FoB Index moved down $0.10 in the last week. Price has broken below the brown up sloping trendline. The next horizonal support zone is $5.73.

The Miami FoB Index price didn’t change this past week. Price is testing the brown up sloping trend line offering support.

The first thing I noticed about the Oslo FoB Index is price didn’t even hesitate at the 70 NOK area with all of the moving averages that should have offered significant resistance.

The Miami FoB Index was flat for the week. The index is on top of the brown upsloping trendline offering support.