Capesize

5925

Feb-17
0.00 0.00%

Panamax

7475

Feb-17
75.00 1.01%

Iron Ore

81.7

Feb-17
0.95 1.18%

Sing 380

312.95

Mar-17
#N/A #N/A

Coking Coal

185

Feb-17
0.00 0.00%

Nola Urea

250

Feb-17
0.00 0.00%

Brent April 2017 Futures Daily


Brent April 2017 Futures Daily

Verdict – As expected we have entered into a small corrective phase after the 2 doji stars with overbought momentum.

Technical resistance is at US$ 56.09 as this is the weekly pivot level. Below this the balance of the market leans to the bear side.  However, we are currently holding above the weekly S1 (US$ 55.05) on the top of the Ichmuko cloud (Kumo), whilst in the 40 period MA bands. This all points to technical support within the market, and would suggest that the next short term move should be to the upside.

brent 17-2-17

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