Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

FIS Technical – Brent August Futures


FIS Technical – Brent August Futures

A lower high changed the trend bias from bull to bear. A drop in the open interest signaled that market longs were now exiting the market.

Technically the daily chart is oversold, however market buyers entering at these levels should be cautious due to it not being from a confirmed support.

Technical sellers will be looking for rejection candles at the USD 52.15 – USD 52.16 zone as this will be with trend and regarded as the safer technical trade.

brent 5-6-17

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