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. A close above USD 11,484 should have market shorts looking to tighten risk. However this is also a resistance level and market hotspot.

Q3– Currently mid-range between support and resistance. Failure to break the USD 14,100 resistance should attract technical sellers to the market. Buyers need to see a higher low before entering.

Cape v Panamax Q3 17 spread – Technically bearish having produced a lower low, there are concerns regarding the oversold stochastic.

Q3 v Cal 18 – Technically bearish and nearing a resistance zone. Market buyers need to see a higher low before entering the market.

cape 8-6-17

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