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 June Futures


Currently the weekly and daily trends remain in bullish territory with the weekly chart maintaining a longer-term wave 3 status.

Dual divergences on the weekly and daily chart would indicate momentum is slowing. however, the intraday technical bull wave is not yet finished as it remains on an extended wave 3 on the 60 min chart.

Basically, we have a very short-term target of USD 63.31 for the current wave 3 which should be followed by another bull wave.

brent 11-4-18

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