Capesize

13750

May-17
450.00 3.38%

Panamax

8300

May-17
-200.00 -2.35%

Iron Ore

61.5

May-17
-0.50 -0.81%

Sing 380

292.65

Jun-17

Coking Coal

177

May-17
1.00 0.57%

Nola Urea

172

May-17
3.00 1.78%

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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