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 – Panamax


FIS Technical – Panamax

Panamax Index- An oversold stochastic as we approach support should have market shorts looking to tighten risk at these levels. Caution on bullish rejection candles on support levels as this will attract technical buyers to the market.

Q3 – Technically bearish due to the lower highs and lows we now see a bullish divergence on the daily stochastic whilst the weekly stochastic is oversold. The trend could soon be it transition, but higher lows are still needed.

Cal 18 – The same stochastic footprint as the Q3 futures should have market shorts looking to tighten risk.

Q3 v Cal 18 – A bullish divergence suggest a market pullback, however a higher low is needed to become a genuine buy.

Panamx 17-5-17

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