Technical Analysis: LFEX Norway Exporters Salmon Index, 16th October 2026

David Nye - The London Fish Exchange

Published: 19th October 2026

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

  

The Oslo FoB Index rallied 2.42% during this week of trading to end the week at 72.70 NOK. It was another quiet week of price movement for the Oslo FoB Index.

The Oslo FoB Index has been trending sideways since September 18th. Friday’s closing price gives the chart the appearance that the Oslo FoB Index could be starting to break out of its month-long price consolidation. The green trendline is being respected by the Oslo FoB Index. This observation makes me think the brown trendline originating at the June Oslo FoB Index price low could also be respected by the Oslo FoB Index. I continue bring up simple price trend analysis for a reason. The Oslo FoB Index continues to make higher price lows; will the Oslo FoB Index make a higher price high above the 73.72 NOK price high on July 31st and continue to operate in an uptrend?

The Composite Index has made a large move in its displacement since last Friday vs the corresponding move in the Oslo FoB Index. The moving averages for the Composite Index now have a small negative displacement, however the Composite Index’s fast-moving average should start to turn back up with the recent rally in the Composite Index. The brown and green dashed trendlines intersect around Thursday October 22nd , meaning the Oslo FoB Index could experience and acceleration or change in its price trend around this date. The Composite Index is getting near the upper end of its historical displacement range but it has plenty of room to rally if needed. There is a bearish divergence signal on the Composite Index. The Composite Index is at a higher displacement than it was on September 24 while the Oslo FoB Index is at a lower price. I put in a red dashed trendline to display this observation.

The RSI is showing a divergence signal vs the Composite Index. The RSI is at a higher displacement high while the Composite Index is not making higher displacement highs. This is usually a sign the move is losing momentum. I put a red dashed trendline on the RSI to display this divergence signal. Like the Composite Index, the RSI is getting towards the upper end of its displacement range, but it has room to rally.

In summary, the Oslo FoB Index appears to be breaking out above the month-long price range. At the same time, there is some bearish divergence in the indicators. This divergence signal can vanish if the Composite Index can make a higher displacement high vs its displacement high on September 28th. The 74.78 NOK and 79.84 NOK horizontal resistance zones above the Oslo FoB Index current price are the next hurdles for the Oslo FoB Index. If the brown upward trendline is going to be respected by the Oslo FoB Index, this brown trendline intersects the 79.84 NOK resistance zone around October 23rd. I still have the opinion that the Oslo FoB Index has put in it’s seasonal price lows and should be starting its climb to its seasonal price highs.

  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