The Miami FoB Index fell $.05 to $6.21 during the last week. The small price changes during the month of May have not changed much in the chart for the Miami FoB Index.
Tag Archives: Technincal Analysis
The Oslo FoB Index rallied a modest 0.54% this last week. The Oslo FoB Index price has been holding near the price moving average represented on the chart as a brown line.
The Miami FoB Index price fell $.04 during the last week. The small price change didn’t change much in the chart. The Miami FoB Index at $6.26 is basically sitting on top of the $6.23 horizontal support zone and the gold upsloping trendline.
The Oslo FoB Index rallied 6.4% in the last week. The Oslo FoB Index broke above the blue down sloping trendline, and prices accelerated higher to end the week.
The Miami FoB Index has been resting near the $6.23 horizontal support zone for several weeks. There is a gold upsloping trendline that should offer additional support for the Index.
The Oslo FoB Index had little price movement the during the last week. The Oslo FoB Index did make an attempt at the 115.72 NOK resistance line but the Oslo FoB Index didn’t make it all the way to the resistance zone.
The Oslo FoB Index rallied 3.6% in the previous week. The Oslo FoB Index fell to the 102.68 NOK horizontal support zone and bounced.
The Oslo FoB Index has broken below its prior recent lows this week. Since the current move down started in mid-April, the Oslo FoB Index has been making lower lows and lower highs.
The Miami FoB Index fell $0.25 this during the last week. The Miami FoB Index appears to be heading to the $6.03 horizontal price support zone.
The Oslo FoB Index experienced an 8.23% decline in price in the last week. The Index’s next horizontal support line is at 107.90 NOK.