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 – Capesize


FIS Technical – Capesize

Capesize Index- Remains in the support zone with open interest looking stable. However we have now created a lower high which would suggest a bearish bias within the support zone.

Q3– The technical last week suggested new lows, and the bullish signals failed to produce support to the market. A bullish divergence and support at USD 11,400 could see short term technical buyers enter the market targeting USD 14,157

Cape v Panamax Q3 17 spread – Mean reverted and broke support, a lower high needed to confirm bearish continuation.

Q3 v Cal 18 – Near term support failed to hold on the technical pullback and broke long term support at USD 240. This is now the first resistance level.

cape q3 1-6-17

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