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 May- Fresh lows in the May contract would suggest we are entering into a corrective phase. The bullish divergence is at unusually high levels suggesting a failure in the next upward move to make fresh highs.

Q3– Technically still in bullish territory, however the strength of the pullback suggest the bears are growing in confidence.

Q4 – Technically still in bullish territory, however the strength of the pullback suggest the bears are growing in confidence.

Cal 18 – US$ 13,660 is the key technical level. Market longs need to be cautious if we close below this level.

cape may 17 19-4-17

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