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- Remains technically bearish with no sign of buying support at this point. However momentum indicators would suggest this is still a dangerous area to enter from the short side without a technical pullback first.

Q3 – Technically bearish and on the 200 period MA on oversold momentum highlights the potential for a counter trend market pullback.

Cal 18 – Like the Q3 the trend remains bearish as we test the 200 period MA support. Potential for short term upside move but needs a higher low to convince it has any longer term follow through.

Q3 v Cal 18 – USD -400 target was achieved and broken last week and now finding support at FEB and March levels. The trend remains bearish and market buyers should maintain tight risk at these levels.

pmx q3 5-6-17

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