Technical Analysis: LFEX Norway Exporters Salmon Index, 19th June 2026

David Nye - The London Fish Exchange

Published: 22nd June 2026

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

  

The Oslo FoB Index fell 4% during this week or trading to end the week at 66.10 NOK. The Oslo FoB Index is currently on top of the brown downward sloping trendline.

The Oslo FoB Index found resistance via the red trendline originating from the July 2025 season price lows. The next horizontal support zone is at 64.84 NOK price area. The brown downward sloping trendline, the blue trendline originating from the July 2025 seasonal price lows and a horizontal support zone is near the 60.85 NOK price area.

The Composite Index and the RSI are both at a higher displacement vs their prior displacement low while the Oslo FoB Index is making a lower price low. This is bullish divergence, represented by the solid green line in the Composite Index and RSI panes. There are some displacement highs near this displacement that were used for resistance. This means that the current displacement can be used as support. The blue downward sloping trendline and the green dashed trendline intersect near June 22 and the pink upward sloping trendline and the newly added green upward sloping trendline intersect near June 23, plus or minus a day or two. This means the reader should be on the watch for a change or acceleration in trend around these trading dates.

The RSI is operating within a bearish displacement range. The RSI displays bullish divergence vs the Oslo FoB Index. The green dashed trendline is quickly approaching, and this trendline should offer some support if tested. The RSI has a history of using its current displacement as support and resistance. Meaning, the RSI can use this displacement as support or resistance again. May 14th and April 21st , 2026, are recent examples.

In summary, the chart offers some bullish and bearish views. The price continues to make lower price lows and lower price highs. I don’t want to bore you with this observation, but it is the definition of a downtrend. At the same time, the indicators are displaying bullish divergence with the price of the Oslo FoB Index. Meaning the move down is running out of momentum. It does not mean that prices will immediately turn and move higher. I would expect a bounce off of one of the next two horizontal support zones. The 60.85 NOK support zone has two trendlines to offer additional support.

  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