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 – 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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