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 September


FIS Technical – Brent September

The higher low off the USD 46.64 support has created a bullish technical on the daily chart, targeting USD 49.90.

However the weekly trend, although strengthening remains technically bearish. For this reason market longs should remain cautious until we see a close above USD 49.90.

Market sellers need to see a trade below USD 48.15, as this would suggest a lower high is forming in the market, targeting the USD 46.64 support.

brent 17-7-17

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