Oslo FoB prices have started to come in and appear to be moving towards the green horizontal support line near the green (3), around 113.
Tag Archives: Technincal Analysis
The Oslo FoB prices are continuing to rip higher! The market is extending.
The Miami FoB prices appears to be bouncing off a short-term price moving average.
The Miami FoB prices appear to be pulling back.
The Oslo FoB prices are ripping!
Prices are at an interesting intersection. Prices are at a red dotted horizontal resistance line and under the brown prior trend line on prices.
Prices appear to be stuck around the $7.09 resistance area. The divergence between the indicators is continuing. It appears the indicators are heading towards one of their moving averages to find support. I still believe prices should have a mild pull back to let the indicators reset for another move higher.
The prices on the Miami FoB continue to raise. If you look at the two indicators in the bottom panes, you can see both indicators have history at these displacements.
Prices appear to be turning up on the Oslo FoB exchange.
All-time highs for the Miami FoB market!