April 3, 2017
Verdict: Panamax Index remains in bullish territory, price action continues to look bullish. Market sellers should wait for negative price action before looking to enter.
April – Price action remains bullish, MAs remain stable. Small caution due to an overbought stochastic
Cal 18 – Has now entered a range and formed a double top. Market neutrals should look for a range breakout in either direction.
Q2 v Cal 18 – Remains in a bullish trend, market sellers need to see a close below US$ 1,587.