Technical Analysis: LFEX Norway Exporters Salmon Index, 12th June 2026

David Nye - The London Fish Exchange

Published: 15th June 2026

This Article was Written by: David Nye - The London Fish Exchange

  

The Oslo FoB Index rallied 1% during this week of trading to end the week at 68.81 NOK. The first thing I noticed in the price chart is the Oslo FoB Index is testing the underside of two different trendlines.

The upward sloping originating form last summers season price low and the brown downward sloping trendline that connects the last three months price highs. The Oslo FoB Index has respected the brown trend line and the trendline has had enough energy to stop three previous rallies. Will it have the strength to push the Oslo FoB Index down to lower prices? The Oslo FoB Index is also testing a green horizontal support zone. The last couple days of activity is giving the chart a look like the prices are rolling over for another swing down.

The Composite Index has moved a long way up vs the corresponding move in the Oslo FoB Index. This is a bearish development. The Composite Index is also testing the brown trendline that started from the divergence signal in October and November 2025. The Oslo FoB Index has shown some respect to this trendline in the past. I am not seeing any bullish divergence signals in the Composite Index currently. I’m continuing to try to clean up the Composite Index’s view buy removing several of the older trendlines that will not be useful in the future.

The RSI is testing the underside of its slow-moving average. The RSI uses this moving average frequently for support and resistance. The RSI also has the look like it’s rolling over during the last few days of trading, similar to the look of the Oslo FoB Index. The RSI is continuing to operate within a bearish displacement range.

In summary, the Oslo FoB Index price is trending lower via lower price lows and lower price highs. The Oslo FoB Index is currently testing the underside of two trendlines. The brown solid trendline that connects the last three price highs appears to be a stronger trendline. I’m not saying the Oslo FoB Index price can’t rally, if it does rally it will be a rally in a bear market. The 60.85 NOK horizontal support zone appears to be suggesting that this might be the price target for the Oslo FoB Index seasonal price lows.

  About This Analysis

About David Nye

David is a Senior Vice President in investment advisory with over 30 years of experience.

Based in Minnesota, USA he has a long history in technical analysis across a range of markets. David brings his experience to provide an independent insight into potential salmon pricing based on LFEX and DataSalmon data.

What is Technical Analysis?

Technical Analysis is used to try and identify price trends in the future. Analysts believe that by using factual past information (trading activity and price changes) it is possible to identify future price movement trends and is quite prevalent in commodity and forex markets but can be applied to any product.

Technical Analysis has been developing for over a century, and there are now hundreds of patterns and signals that have been created. They are often used in conjunction with other forms of research and analysis to help formulate, or support pricing trend opinions.

Purpose of the Analysis?

To provide an independent data-driven view of market pricing trends in the short and medium-term. As a potential tool, for users to access future pricing trends based on LFEX/DataSalmon derived market data.

How Does it Work?

On a regular basis (weekly), David will provide his independent analysis of LFEX and DataSalmon pricing data. The output will be to provide pricing trends based on the most up to date pricing received.

The analysis will show the expected trends and potential (price) levels, as well as other markers – for example, higher or lower price triggers that would affect the analysis of the trend – and what this might mean. It is data-driven, and will not, and does not, account for any other fundamental analysis, or weather or biological events for example. This is the same for any commodity product technical analysis.

Disclaimer

All information provided contains no guarantee whatsoever, especially of completeness, accuracy, timeliness or of the results obtained from the use of this information, and is provided without warranty of any kind, expressly or implied. In no event will, LFEX Ltd or DataSalmon, its member firms, or the partners, directors, officers, owners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information or for any consequential, special or similar damages, even if advised of the possibility of such damages. In no event and under no legal or equitable theory, whether in tort, contract, strict liability or otherwise, shall LFEX Ltd or DataSalmon be liable for any direct, indirect, special, incidental or consequential damages arising out of any use of the information contained herein, including, without limitation, damages for lost profits, loss of goodwill, loss of data, work stoppage, the accuracy of results, or computer failure or malfunction