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 – Grains And Ferts


FIS Technical – Grains And Ferts

SOY – Technically bullish but needs to mean revert. Downside moves that hold above USD 980 and produce bullish candles should attract technical support. Sellers need to see the gap closed.

Corn – A potential bearish pattern is forming on the daily chart suggesting mean reversion. However the breakaway gap needs to be filled and until it is sellers should remain cautious.

Wheat – Like the rest of the Aggs market the bullish gaps are stopping short term sellers looking to take advantage of the mean reversal.

NOLA – Market shorts should be cautious above USD 172.5. A new low would confirm a bullish divergence making this a dangerous sell.

Urea (gran) FOB Middle East –On support at USD 180 with a bullish divergence. Caution on pricing above USD 204.5 as this could attract short covering.

mid east 12-7-17

To view the full report please click the link