FIS Technical Capesize – Lower lows suggest the bull technical could be weakening

FIS Technical Capesize – Lower lows suggest the bull technical could be weakening

Capesize Index- Technically oversold, however this trend is now neutral due to the lower low and needs to trade above USD 22,450 to gain a bullish foothold.

Oct – Like the index we have seen a breach in support and a lower low has formed. Failure to make a fresh high will attract technical sellers to the market.

cape index 4-10-17

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