Technical Analysis: LFEX Norway Exporters Salmon Index, 3rd July 2026

John Ersser - The London Fish Exchange

Published: 6th July 2026

This Article was Written by: John Ersser

  

The Oslo FoB Index rose 1% during this week of trading to end the week at 65.38 NOK. The last price update was for July 3, 2026 for the Olso FoB Index.

I made a minor adjustment to the horizontal green dotted support lines on the price chart. There isn’t much updating required in the chart with the small price movement in the Oslo FoB Index during this week of trading. The Oslo FoB Index appears to have found price support at the 63.50 NOK horizontal support zone. The Oslo FoB Index is also staying above the brown downward sloping trendline it’s been following since April. The price chart could be forming a double bottom; it’s a chart pattern that looks like the letter W.

The Composite Index has made a much larger move compared to the corresponding move in the Oslo FoB Index. This is more bearish vs bullish type of action. The Composite Index is testing the brown downward sloping trendline that originated from October and November 2025. The Composite Index has respected this trendline in the past, meaning it can use this trendline again for support or resistance.

The RSI is testing the displacement it found resistance from June 10 through June 15, 2026. The RSI is slightly above the displacement highs from June 10 through June 15, and the Composite Index is below its displacement for the same time period. I could argue this is bearish divergence. This is something to monitor. The signal is there; however I wouldn’t regard this as a strong bearish signal at this time. The RSI continues to operate in the bearish displacement range.

In summary, with the small price movement during this week of trading, there is not of extra color I can provide via the price chart this week. The larger move in the indicators vs the price move of the Olso FoB Index is a bit concerning, if you’re looking for higher prices. The seasonal price lows have been coming earlier each year with the execption of 2024. Last year the seasonal price low was on July 29, 2025. It will be interesting to observe when the seasonal price lows come in 2026.

  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